Looking to diversify beyond FYX? The ETFs below have the lowest correlation with FYX — 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 FYX.
Best Diversifiers for FYX
373 ETFs have low correlation with FYX (below 0.3), 66 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.26, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.26 | -0.01 | 0.14 | 71 | Oil & Gas | FYX vs DBE | |
| United States Oil Fund LP | -0.26 | -0.00 | 0.14 | 66 | Oil & Gas | FYX vs USO | |
| United States Brent Oil Fund LP | -0.24 | 0.00 | 0.14 | 65 | Oil & Gas | FYX vs BNO | |
| United States 12 Month Oil Fund LP | -0.23 | 0.03 | 0.16 | 56 | Oil & Gas | FYX vs USL | |
| Defiance Oil Enhanced Options Income ETF | -0.23 | — | — | 56 | Derivative Income | FYX vs USOY |
See all 2183 diversifiers for FYX
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