Looking to diversify beyond FARX? The ETFs below have the lowest correlation with FARX — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from FARX.
Best Diversifiers for FARX
479 ETFs have low correlation with FARX (below 0.3), 42 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.37, roughly unchanged from -0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.37 | -0.35 | -0.35 | 57 | Cryptocurrency | FARX vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.37 | -0.34 | -0.34 | 52 | Cryptocurrency, Leveraged Cryptocurrency | FARX vs SBIT | |
| Invesco DB US Dollar Index Bullish Fund | -0.32 | — | — | 51 | Currency | FARX vs UUP | |
| Defiance Daily Target 2X Short MSTR ETF | -0.30 | — | — | 53 | Inverse Equities | FARX vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.30 | — | — | 68 | Inverse Equities, Leveraged Equities | FARX vs MSTZ |
See all 2049 diversifiers for FARX
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements FARX
Add FARX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FARX