Looking to diversify beyond FPXI? The ETFs below have the lowest correlation with FPXI — 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 FPXI.
Best Diversifiers for FPXI
427 ETFs have low correlation with FPXI (below 0.3), 65 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.42, roughly unchanged from -0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.42 | -0.34 | -0.35 | 53 | Cryptocurrency | FPXI vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.38 | -0.37 | -0.37 | 56 | Inverse Equities | FPXI vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.38 | -0.36 | -0.36 | 65 | Inverse Equities, Leveraged Equities | FPXI vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.36 | — | — | 70 | Derivative Income | FPXI vs WNTR | |
| Invesco DB Energy Fund | -0.25 | -0.05 | 0.06 | 57 | Oil & Gas | FPXI vs DBE |
See all 2060 diversifiers for FPXI
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