Looking to diversify beyond FEX? The ETFs below have the lowest correlation with FEX — 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 FEX.
Best Diversifiers for FEX
267 ETFs have low correlation with FEX (below 0.3), 28 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.21, down from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.21 | -0.08 | -0.04 | 61 | Leveraged Currency | FEX vs YCS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.19 | — | — | 97 | Inflation-Protected Bonds | FEX vs RBIL | |
| WisdomTree Floating Rate Treasury Fund | -0.16 | -0.03 | -0.02 | 100 | Government Bonds, Ultrashort Bond | FEX vs USFR | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.14 | — | — | 98 | Inflation-Protected Bonds | FEX vs IBIC | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.12 | — | — | 95 | Inflation-Protected Bonds | FEX vs IBID |
See all 2066 diversifiers for FEX
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Diversification Analysis
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