Looking to diversify beyond FNK? The ETFs below have historically moved differently from FNK, 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 FNK
528 ETFs have low correlation with FNK (below 0.3), 53 of which are negatively correlated. The least correlated is Alpha Architect Tail Risk ETF (CAOS) (Options Trading) with a 1Y correlation of -0.26, down from -0.09 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Alpha Architect Tail Risk ETF | -0.26 | -0.09 | — | 56 | Options Trading | FNK vs CAOS | |
| ProShares Short Bitcoin ETF | -0.23 | -0.27 | — | 61 | Cryptocurrency | FNK vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.23 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | FNK vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.23 | -0.27 | -0.27 | 52 | Inverse Equities | FNK vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.23 | — | — | 61 | Inverse Equities, Leveraged Equities | FNK vs MSTZ |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FNK
Add FNK to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FNK