Looking to diversify beyond NYF? The ETFs below have the lowest correlation with NYF — 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 NYF.
Best Diversifiers for NYF
1186 ETFs have low correlation with NYF (below 0.3), 84 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.34, roughly unchanged from -0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.34 | -0.35 | -0.36 | 61 | Leveraged Currency | NYF vs YCS | |
| Invesco DB Oil Fund | -0.34 | -0.18 | -0.13 | 65 | Oil & Gas | NYF vs DBO | |
| Invesco DB Energy Fund | -0.33 | -0.19 | -0.13 | 71 | Oil & Gas | NYF vs DBE | |
| ProShares Ultra Bloomberg Crude Oil | -0.32 | -0.17 | -0.13 | 54 | Leveraged Commodities | NYF vs UCO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.32 | -0.17 | -0.13 | 55 | Oil & Gas | NYF vs OILK |
See all 1599 diversifiers for NYF
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