Looking to diversify beyond FNX? The ETFs below have the lowest correlation with FNX — 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 FNX.
Best Diversifiers for FNX
320 ETFs have low correlation with FNX (below 0.3), 49 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.39, roughly unchanged from -0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.39 | -0.35 | -0.38 | 57 | Cryptocurrency | FNX vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.39 | -0.39 | -0.39 | 52 | Cryptocurrency, Leveraged Cryptocurrency | FNX vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.38 | — | — | 68 | Inverse Equities, Leveraged Equities | FNX vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.37 | -0.39 | -0.39 | 53 | Inverse Equities | FNX vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.34 | — | — | 70 | Derivative Income | FNX vs WNTR |
See all 2048 diversifiers for FNX
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