Looking to diversify beyond FXE? The ETFs below have historically moved differently from FXE, 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 FXE
1266 ETFs have low correlation with FXE (below 0.3), 84 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.61, down from -0.47 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.61 | -0.52 | -0.47 | 56 | Leveraged Currency | FXE vs YCS | |
| TCW AAA CLO ETF | -0.33 | — | — | 99 | CLO | FXE vs ACLO | |
| United States Brent Oil Fund LP | -0.27 | -0.10 | 0.01 | 52 | Oil & Gas | FXE vs BNO | |
| United States Oil Fund LP | -0.25 | -0.10 | 0.01 | 55 | Oil & Gas | FXE vs USO | |
| Invesco DB Energy Fund | -0.23 | -0.09 | 0.01 | 72 | Oil & Gas | FXE vs DBE |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FXE, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Lloyds Banking Group plc (LYG) (Financial Services) with a 1Y correlation of 0.41, roughly unchanged from 0.36 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lloyds Banking Group plc | 0.41 | 0.34 | 0.36 | 85 | Financial Services |
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