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
393 ETFs have low correlation with FNK (below 0.3), 28 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.16, down from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.16 | -0.08 | -0.04 | 63 | Leveraged Currency | FNK vs YCS | |
| WisdomTree Floating Rate Treasury Fund | -0.13 | -0.03 | -0.03 | 100 | Government Bonds, Ultrashort Bond | FNK vs USFR | |
| iShares Enhanced Short-Term Bond Active ETF | -0.12 | 0.02 | 0.02 | 99 | Ultrashort Bond | FNK vs CSHP | |
| United States Gasoline Fund LP | -0.12 | 0.05 | 0.15 | 55 | Oil & Gas | FNK vs UGA | |
| iShares Diversified Commodity Swap UCITS ETF | -0.10 | -0.01 | -0.03 | 78 | Commodities | FNK vs ISCMF |
See all 1943 diversifiers for FNK
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