Looking to diversify beyond FUNL? The ETFs below have the lowest correlation with FUNL — 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 FUNL.
Best Diversifiers for FUNL
529 ETFs have low correlation with FUNL (below 0.3), 69 of which are negatively correlated. The least correlated is FlexShares Ultra-Short Income ETF (RAVI) (Ultrashort Bond) with a 1Y correlation of -0.10, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| FlexShares Ultra-Short Income ETF | -0.10 | 0.10 | 0.11 | 99 | Ultrashort Bond | FUNL vs RAVI | |
| Invesco DB Energy Fund | -0.10 | 0.04 | 0.20 | 71 | Oil & Gas | FUNL vs DBE | |
| United States 12 Month Oil Fund LP | -0.09 | 0.06 | 0.21 | 56 | Oil & Gas | FUNL vs USL | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.09 | 0.06 | 0.20 | 55 | Oil & Gas | FUNL vs OILK | |
| Invesco DB Oil Fund | -0.09 | 0.05 | 0.20 | 65 | Oil & Gas | FUNL vs DBO |
See all 2112 diversifiers for FUNL
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