Looking to diversify beyond FMNY? The ETFs below have the lowest correlation with FMNY — 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 FMNY.
Best Diversifiers for FMNY
1915 ETFs have low correlation with FMNY (below 0.3), 84 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.25, roughly unchanged from -0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.25 | -0.28 | -0.28 | 61 | Leveraged Currency | FMNY vs YCS | |
| VanEck Commodity Strategy ETF | -0.18 | -0.06 | — | 55 | Commodities | FMNY vs PIT | |
| First Trust Alternative Absolute Return Strategy E... | -0.18 | -0.07 | -0.06 | 70 | Commodities | FMNY vs FAAR | |
| iShares Diversified Commodity Swap UCITS ETF | -0.17 | -0.04 | — | 77 | Commodities | FMNY vs ISCMF | |
| First Trust Global Tactical Commodity Strategy Fun... | -0.16 | -0.03 | -0.03 | 53 | Commodities | FMNY vs FTGC |
See all 2067 diversifiers for FMNY
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