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
385 ETFs have low correlation with FNY (below 0.3), 76 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.30, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.30 | -0.04 | 0.11 | 71 | Oil & Gas | FNY vs DBE | |
| United States Oil Fund LP | -0.28 | -0.03 | 0.11 | 66 | Oil & Gas | FNY vs USO | |
| United States Brent Oil Fund LP | -0.26 | -0.02 | 0.11 | 65 | Oil & Gas | FNY vs BNO | |
| United States 12 Month Oil Fund LP | -0.25 | 0.00 | 0.13 | 56 | Oil & Gas | FNY vs USL | |
| Defiance Oil Enhanced Options Income ETF | -0.25 | — | — | 56 | Derivative Income | FNY vs USOY |
See all 2182 diversifiers for FNY
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