Looking to diversify beyond FXB? The ETFs below have historically moved differently from FXB, 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 FXB
759 ETFs have low correlation with FXB (below 0.3), 76 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.58, down from -0.45 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.58 | -0.49 | -0.45 | 56 | Leveraged Currency | FXB vs YCS | |
| ProShares Short Bitcoin ETF | -0.29 | -0.17 | — | 61 | Cryptocurrency | FXB vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.29 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | FXB vs SBIT | |
| TCW AAA CLO ETF | -0.28 | — | — | 99 | CLO | FXB vs ACLO | |
| Defiance Daily Target 2X Short MSTR ETF | -0.26 | -0.18 | -0.18 | 52 | Inverse Equities | FXB vs SMST |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FXB, 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 Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of -0.00, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | -0.00 | 0.11 | 0.22 | 61 | Financial Services |
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