Looking to diversify beyond FXA? The ETFs below have historically moved differently from FXA, 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 FXA
510 ETFs have low correlation with FXA (below 0.3), 54 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.40, down from -0.25 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.40 | -0.25 | — | 51 | Cryptocurrency | FXA vs BITI | |
| ProShares UltraShort Yen | -0.38 | -0.41 | -0.38 | 59 | Leveraged Currency | FXA vs YCS | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.34 | — | — | 69 | Derivative Income | FXA vs WNTR | |
| TCW AAA CLO ETF | -0.20 | — | — | 99 | CLO | FXA vs ACLO | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.19 | -0.20 | -0.16 | 51 | Nontraditional Bonds | FXA vs RISR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FXA, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is BHP Group Limited (BHP) (Basic Materials) with a 1Y correlation of 0.57, roughly unchanged from 0.59 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BHP Group Limited | 0.57 | 0.57 | 0.59 | 91 | Basic Materials |
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