Looking to diversify beyond NYF? The ETFs below have historically moved differently from NYF, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for NYF
739 ETFs have low correlation with NYF (below 0.3), 82 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.34, down from -0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.34 | -0.20 | -0.13 | 53 | Oil & Gas | NYF vs DBE | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.31 | -0.16 | -0.10 | 50 | Commodities | NYF vs GSG | |
| ProShares UltraShort Yen | -0.31 | -0.35 | -0.36 | 59 | Leveraged Currency | NYF vs YCS | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.30 | -0.16 | -0.09 | 58 | Commodities | NYF vs PDBC | |
| Invesco DB Commodity Index Tracking Fund | -0.30 | -0.16 | -0.09 | 56 | Commodities | NYF vs DBC |
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