Looking to diversify beyond FXE? The ETFs below have the lowest correlation with FXE — 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 FXE.
Best Diversifiers for FXE
1086 ETFs have low correlation with FXE (below 0.3), 32 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.63, down from -0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.63 | -0.51 | -0.47 | 61 | Leveraged Currency | FXE vs YCS | |
| TCW AAA CLO ETF | -0.33 | — | — | 99 | CLO | FXE vs ACLO | |
| iShares Enhanced Short-Term Bond Active ETF | -0.14 | 0.04 | 0.04 | 99 | Ultrashort Bond | FXE vs CSHP | |
| Fidelity Managed Futures ETF | -0.12 | -0.13 | -0.13 | 64 | Systematic Trend | FXE vs FFUT | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.11 | 0.15 | 0.15 | 98 | Inflation-Protected Bonds | FXE vs IBIC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FXE, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FXE and solid risk/return profiles. The least correlated is Tesla, Inc. (TSLA) (Consumer Cyclical) with a 1Y correlation of 0.17, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tesla, Inc. | 0.17 | 0.12 | 0.15 | 59 | Consumer Cyclical |
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