Looking to diversify beyond FXC? The ETFs below have the lowest correlation with FXC — 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 FXC.
Best Diversifiers for FXC
1846 ETFs have low correlation with FXC (below 0.3), 35 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.43, down from -0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.43 | -0.33 | -0.27 | 63 | Leveraged Currency | FXC vs YCS | |
| TCW AAA CLO ETF | -0.22 | -0.25 | -0.25 | 99 | CLO | FXC vs ACLO | |
| Breakwave Tanker Shipping ETF | -0.11 | -0.02 | -0.03 | 98 | Commodities | FXC vs BWET | |
| United States Oil Fund LP | -0.08 | 0.09 | 0.25 | 66 | Oil & Gas | FXC vs USO | |
| United States Gasoline Fund LP | -0.08 | 0.07 | 0.23 | 71 | Oil & Gas | FXC vs UGA |
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