Looking to diversify beyond FPXE? The ETFs below have the lowest correlation with FPXE — 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 FPXE.
Best Diversifiers for FPXE
273 ETFs have low correlation with FPXE (below 0.3), 43 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.30, down from -0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.30 | -0.15 | -0.13 | 63 | Leveraged Currency | FPXE vs YCS | |
| United States Gasoline Fund LP | -0.26 | -0.06 | 0.07 | 55 | Oil & Gas | FPXE vs UGA | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.21 | — | — | 97 | Inflation-Protected Bonds | FPXE vs RBIL | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.19 | — | — | 98 | Inflation-Protected Bonds | FPXE vs IBIC | |
| iShares 0-3 Month Treasury Bond ETF | -0.15 | -0.03 | -0.00 | 100 | Ultrashort Bond | FPXE vs SGOV |
See all 1943 diversifiers for FPXE
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