Looking to diversify beyond FTNJ? The ETFs below have the lowest correlation with FTNJ — 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 FTNJ.
Best Diversifiers for FTNJ
949 ETFs have low correlation with FTNJ (below 0.3), 88 of which are negatively correlated. The least correlated is United States 12 Month Oil Fund LP (USL) (Oil & Gas) with a 1Y correlation of -0.30, roughly unchanged from -0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States 12 Month Oil Fund LP | -0.30 | -0.30 | -0.30 | 56 | Oil & Gas | FTNJ vs USL | |
| Direxion Daily Energy Bull 2X Shares | -0.27 | -0.27 | -0.27 | 61 | Leveraged Equities | FTNJ vs ERX | |
| Strive U.S. Energy ETF | -0.27 | -0.27 | -0.27 | 55 | Energy Equities | FTNJ vs DRLL | |
| iShares Global Energy ETF | -0.26 | -0.26 | -0.26 | 76 | Energy Equities | FTNJ vs IXC | |
| ProShares Ultra Oil & Gas | -0.26 | -0.26 | -0.26 | 61 | Leveraged Equities | FTNJ vs DIG |
See all 2068 diversifiers for FTNJ
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements FTNJ
Add FTNJ to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FTNJ