Looking to diversify beyond FXC? The ETFs below have historically moved differently from FXC, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FXC
1996 ETFs have low correlation with FXC (below 0.3), 30 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.37, roughly unchanged from -0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.37 | -0.34 | -0.28 | 56 | Leveraged Currency | FXC vs YCS | |
| TCW AAA CLO ETF | -0.21 | — | — | 99 | CLO | FXC vs ACLO | |
| ProShares Short Bitcoin ETF | -0.19 | -0.18 | — | 61 | Cryptocurrency | FXC vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.18 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | FXC vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.17 | -0.18 | -0.18 | 52 | Inverse Equities | FXC vs SMST |
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