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
775 ETFs have low correlation with FXED (below 0.3), 55 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.25, down from -0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.25 | -0.14 | -0.14 | 61 | Leveraged Currency | FXED vs YCS | |
| Invesco DB Energy Fund | -0.14 | 0.00 | 0.10 | 71 | Oil & Gas | FXED vs DBE | |
| Defiance Oil Enhanced Options Income ETF | -0.14 | -0.00 | -0.00 | 56 | Derivative Income | FXED vs USOY | |
| United States Brent Oil Fund LP | -0.13 | 0.01 | 0.10 | 65 | Oil & Gas | FXED vs BNO | |
| United States Oil Fund LP | -0.13 | 0.02 | 0.10 | 66 | Oil & Gas | FXED vs USO |
See all 2107 diversifiers for FXED
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Diversification Analysis
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