Looking to diversify beyond FINX? The ETFs below have the lowest correlation with FINX — 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 FINX.
Best Diversifiers for FINX
353 ETFs have low correlation with FINX (below 0.3), 26 of which are negatively correlated. The least correlated is Direxion Daily NFLX Bear 1X Shares (NFXS) (Inverse Equities) with a 1Y correlation of -0.26, roughly unchanged from -0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily NFLX Bear 1X Shares | -0.26 | -0.33 | -0.33 | 55 | Inverse Equities | FINX vs NFXS | |
| ProShares UltraShort Yen | -0.20 | -0.08 | -0.07 | 63 | Leveraged Currency | FINX vs YCS | |
| United States Gasoline Fund LP | -0.16 | -0.02 | 0.07 | 55 | Oil & Gas | FINX vs UGA | |
| Brookstone Ultra-Short Bond ETF | -0.13 | — | — | 98 | Ultrashort Bond | FINX vs BAMU | |
| Breakwave Tanker Shipping ETF | -0.12 | -0.04 | — | 98 | Commodities | FINX vs BWET |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FINX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FINX and solid risk/return profiles. The least correlated is Block, Inc (XYZ) (Technology) with a 1Y correlation of 0.78, roughly unchanged from 0.81 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Block, Inc | 0.78 | 0.77 | 0.81 | 51 | Technology |
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