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
455 ETFs have low correlation with FXB (below 0.3), 37 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.60, down from -0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.60 | -0.49 | -0.45 | 63 | Leveraged Currency | FXB vs YCS | |
| United States Gasoline Fund LP | -0.28 | -0.08 | 0.05 | 55 | Oil & Gas | FXB vs UGA | |
| TCW AAA CLO ETF | -0.27 | — | — | 99 | CLO | FXB vs ACLO | |
| iShares Enhanced Short-Term Bond Active ETF | -0.16 | — | — | 99 | Ultrashort Bond | FXB vs CSHP | |
| Breakwave Tanker Shipping ETF | -0.13 | -0.06 | -0.05 | 98 | Commodities | FXB vs BWET |
See all 1944 diversifiers for FXB
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Diversification Analysis
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