Looking to diversify beyond FNY? The ETFs below have the lowest correlation with FNY — 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 FNY.
Best Diversifiers for FNY
365 ETFs have low correlation with FNY (below 0.3), 71 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.45, roughly unchanged from -0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.45 | -0.39 | -0.41 | 57 | Cryptocurrency | FNY vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.45 | -0.43 | -0.43 | 52 | Cryptocurrency, Leveraged Cryptocurrency | FNY vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.43 | -0.44 | -0.44 | 60 | Inverse Equities | FNY vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.43 | -0.43 | -0.43 | 68 | Inverse Equities, Leveraged Equities | FNY vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.40 | — | — | 70 | Derivative Income | FNY vs WNTR |
See all 2039 diversifiers for FNY
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements FNY
Add FNY to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FNY