Looking to diversify beyond FDNI? The ETFs below have the lowest correlation with FDNI — 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 FDNI.
Best Diversifiers for FDNI
501 ETFs have low correlation with FDNI (below 0.3), 94 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.27, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.27 | -0.01 | 0.06 | 66 | Oil & Gas | FDNI vs USO | |
| Defiance Oil Enhanced Options Income ETF | -0.26 | -0.04 | -0.04 | 56 | Derivative Income | FDNI vs USOY | |
| Invesco DB Energy Fund | -0.26 | -0.00 | 0.06 | 71 | Oil & Gas | FDNI vs DBE | |
| United States Brent Oil Fund LP | -0.25 | -0.00 | 0.06 | 65 | Oil & Gas | FDNI vs BNO | |
| United States Gasoline Fund LP | -0.23 | -0.00 | 0.05 | 71 | Oil & Gas | FDNI vs UGA |
See all 2182 diversifiers for FDNI
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