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
1823 ETFs have low correlation with FXC (below 0.3), 30 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.67, roughly unchanged from -0.63 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.67 | -0.63 | -0.63 | 51 | Currency | FXC vs UUP | |
| ProShares UltraShort Yen | -0.41 | -0.34 | -0.28 | 72 | Leveraged Currency | FXC vs YCS | |
| TCW AAA CLO ETF | -0.24 | — | — | 99 | CLO | FXC vs ACLO | |
| ProShares Short Bitcoin ETF | -0.21 | -0.18 | -0.24 | 57 | Cryptocurrency | FXC vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.20 | -0.18 | -0.18 | 52 | Cryptocurrency, Leveraged Cryptocurrency | FXC vs SBIT |
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