Looking to diversify beyond FDN? The ETFs below have the lowest correlation with FDN — 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 FDN.
Best Diversifiers for FDN
565 ETFs have low correlation with FDN (below 0.3), 96 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.21, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.21 | -0.03 | 0.06 | 71 | Oil & Gas | FDN vs DBE | |
| United States Oil Fund LP | -0.21 | -0.02 | 0.05 | 66 | Oil & Gas | FDN vs USO | |
| United States 12 Month Oil Fund LP | -0.20 | -0.01 | 0.07 | 56 | Oil & Gas | FDN vs USL | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.20 | -0.01 | 0.07 | 55 | Oil & Gas | FDN vs OILK | |
| United States Brent Oil Fund LP | -0.19 | -0.02 | 0.05 | 65 | Oil & Gas | FDN vs BNO |
See all 2115 diversifiers for FDN
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements FDN
Add FDN to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FDN