Looking to diversify beyond FFOX? The ETFs below have the lowest correlation with FFOX — 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 FFOX.
Best Diversifiers for FFOX
325 ETFs have low correlation with FFOX (below 0.3), 52 of which are negatively correlated. The least correlated is ProShares K-1 Free Crude Oil Strategy ETF (OILK) (Oil & Gas) with a 1Y correlation of -0.31, roughly unchanged from -0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares K-1 Free Crude Oil Strategy ETF | -0.31 | -0.31 | -0.31 | 55 | Oil & Gas | FFOX vs OILK | |
| ProShares Ultra Bloomberg Crude Oil | -0.30 | -0.30 | -0.30 | 54 | Leveraged Commodities | FFOX vs UCO | |
| Defiance Oil Enhanced Options Income ETF | -0.30 | -0.30 | -0.30 | 56 | Derivative Income | FFOX vs USOY | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.24 | -0.24 | -0.24 | 71 | Commodities | FFOX vs GSG | |
| Credit Suisse X-Links Crude Oil Shares Covered Cal... | -0.23 | -0.23 | -0.23 | 64 | Commodities | FFOX vs USOI |
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