Looking to diversify beyond FXED? The ETFs below have historically moved differently from FXED, 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 FXED
788 ETFs have low correlation with FXED (below 0.3), 62 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.26, down from -0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.26 | -0.15 | -0.15 | 59 | Leveraged Currency | FXED vs YCS | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.24 | — | — | 63 | Derivative Income | FXED vs WNTR | |
| Invesco DB Energy Fund | -0.15 | -0.00 | 0.09 | 53 | Oil & Gas | FXED vs DBE | |
| United States Gasoline Fund, LP | -0.13 | 0.01 | 0.09 | 74 | Oil & Gas | FXED vs UGA | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.12 | 0.03 | 0.11 | 50 | Commodities | FXED vs GSG |
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