Looking to diversify beyond FXB? The ETFs below have the lowest correlation with FXB — 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 FXB.
Best Diversifiers for FXB
626 ETFs have low correlation with FXB (below 0.3), 54 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.87, roughly unchanged from -0.84 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.87 | -0.85 | -0.84 | 51 | Currency | FXB vs UUP | |
| ProShares UltraShort Yen | -0.61 | -0.49 | -0.45 | 72 | Leveraged Currency | FXB vs YCS | |
| TCW AAA CLO ETF | -0.30 | — | — | 99 | CLO | FXB vs ACLO | |
| ProShares Short Bitcoin ETF | -0.27 | -0.18 | -0.20 | 57 | Cryptocurrency | FXB vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.27 | -0.20 | -0.20 | 52 | Cryptocurrency, Leveraged Cryptocurrency | FXB vs SBIT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FXB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FXB and solid risk/return profiles. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.05, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.05 | 0.11 | 0.22 | 53 | Financial Services | |
| MP Materials Corp. | 0.12 | 0.16 | 0.24 | 51 | Basic Materials | |
| Tesla, Inc. | 0.26 | 0.20 | 0.22 | 63 | Consumer Cyclical |
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