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
1893 ETFs have low correlation with FMNY (below 0.3), 99 of which are negatively correlated. The least correlated is United States Gasoline Fund LP (UGA) (Oil & Gas) with a 1Y correlation of -0.25, down from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.25 | -0.09 | -0.08 | 72 | Oil & Gas | FMNY vs UGA | |
| ProShares UltraShort Yen | -0.24 | -0.29 | -0.28 | 75 | Leveraged Currency | FMNY vs YCS | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.21 | -0.08 | -0.06 | 51 | Commodities | FMNY vs PDBC | |
| Invesco S&P 500 Equal Weight Energy ETF | -0.18 | -0.06 | -0.07 | 52 | Energy Equities, S&P 500, Equal Weight | FMNY vs RSPG | |
| iShares Diversified Commodity Swap UCITS ETF | -0.17 | -0.04 | — | 58 | Commodities | FMNY vs ISCMF |
See all 2051 diversifiers for FMNY
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