Looking to diversify beyond FXA? The ETFs below have the lowest correlation with FXA — 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 FXA.
Best Diversifiers for FXA
348 ETFs have low correlation with FXA (below 0.3), 34 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.45, roughly unchanged from -0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.45 | -0.42 | -0.38 | 63 | Leveraged Currency | FXA vs YCS | |
| TCW AAA CLO ETF | -0.25 | — | — | 99 | CLO | FXA vs ACLO | |
| United States Gasoline Fund LP | -0.16 | 0.00 | 0.12 | 55 | Oil & Gas | FXA vs UGA | |
| iShares Enhanced Short-Term Bond Active ETF | -0.15 | 0.00 | 0.00 | 99 | Ultrashort Bond | FXA vs CSHP | |
| iShares 0-3 Month Treasury Bond ETF | -0.14 | -0.06 | -0.04 | 100 | Ultrashort Bond | FXA vs SGOV |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FXA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FXA and solid risk/return profiles. The least correlated is BHP Group Limited (BHP) (Basic Materials) with a 1Y correlation of 0.56, roughly unchanged from 0.58 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BHP Group Limited | 0.56 | 0.58 | 0.58 | 91 | Basic Materials |
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