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
615 ETFs have low correlation with FXB (below 0.3), 69 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.61, down from -0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.61 | -0.49 | -0.45 | 63 | Leveraged Currency | FXB vs YCS | |
| United States Oil Fund LP | -0.31 | -0.08 | 0.06 | 66 | Oil & Gas | FXB vs USO | |
| United States Brent Oil Fund LP | -0.30 | -0.08 | 0.05 | 65 | Oil & Gas | FXB vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.29 | — | — | 56 | Derivative Income | FXB vs USOY | |
| Invesco DB Energy Fund | -0.28 | -0.07 | 0.07 | 71 | Oil & Gas | FXB vs DBE |
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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 Tesla, Inc. (TSLA) (Consumer Cyclical) with a 1Y correlation of 0.21, roughly unchanged from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tesla, Inc. | 0.21 | 0.20 | 0.22 | 55 | Consumer Cyclical |
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