Looking to diversify beyond FKU? The ETFs below have historically moved differently from FKU, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FKU
307 ETFs have low correlation with FKU (below 0.3), 80 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.37, down from -0.19 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.37 | -0.26 | -0.19 | 56 | Leveraged Currency | FKU vs YCS | |
| ProShares Short Bitcoin ETF | -0.34 | -0.28 | — | 61 | Cryptocurrency | FKU vs BITI | |
| United States Brent Oil Fund LP | -0.34 | -0.10 | 0.01 | 52 | Oil & Gas | FKU vs BNO | |
| Proshares Ultrashort Bitcoin ETF | -0.34 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | FKU vs SBIT | |
| United States Oil Fund LP | -0.34 | -0.10 | 0.01 | 55 | Oil & Gas | FKU vs USO |
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