Looking to diversify beyond FXED? The ETFs below have the lowest correlation with FXED — 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 FXED.
Best Diversifiers for FXED
750 ETFs have low correlation with FXED (below 0.3), 33 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.28, down from -0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.28 | -0.15 | -0.14 | 63 | Leveraged Currency | FXED vs YCS | |
| Alpha Architect 1-3 Month Box ETF | -0.11 | -0.00 | — | 100 | Ultrashort Bond | FXED vs BOXX | |
| iShares Enhanced Short-Term Bond Active ETF | -0.11 | — | — | 99 | Ultrashort Bond | FXED vs CSHP | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.11 | -0.04 | -0.04 | 100 | Government Bonds, Ultrashort Bond | FXED vs BIL | |
| Direxion Daily NFLX Bear 1X Shares | -0.10 | -0.15 | -0.15 | 55 | Inverse Equities | FXED vs NFXS |
See all 1944 diversifiers for FXED
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Diversification Analysis
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