Looking to diversify beyond FNX? The ETFs below have historically moved differently from FNX, 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 FNX
328 ETFs have low correlation with FNX (below 0.3), 56 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| T-REX 2X Inverse MSTR Daily Target ETF | -0.40 | — | — | 61 | Inverse Equities, Leveraged Equities | FNX vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.40 | -0.35 | — | 61 | Cryptocurrency | FNX vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.40 | — | — | 52 | Inverse Equities | FNX vs SMST | |
| Proshares Ultrashort Bitcoin ETF | -0.39 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | FNX vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.37 | — | — | 75 | Derivative Income | FNX vs WNTR |
See all 2225 diversifiers for FNX
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