Looking to diversify beyond FNK? The ETFs below have the lowest correlation with FNK — 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 FNK.
Best Diversifiers for FNK
464 ETFs have low correlation with FNK (below 0.3), 52 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.15, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.15 | 0.07 | 0.18 | 71 | Oil & Gas | FNK vs DBE | |
| United States Oil Fund LP | -0.14 | 0.08 | 0.18 | 66 | Oil & Gas | FNK vs USO | |
| United States Brent Oil Fund LP | -0.13 | 0.08 | 0.17 | 65 | Oil & Gas | FNK vs BNO | |
| United States 12 Month Oil Fund LP | -0.13 | 0.11 | 0.19 | 56 | Oil & Gas | FNK vs USL | |
| United States Gasoline Fund LP | -0.13 | 0.07 | 0.16 | 71 | Oil & Gas | FNK vs UGA |
See all 2182 diversifiers for FNK
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