Looking to diversify beyond FXF? The ETFs below have historically moved differently from FXF, 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 FXF
1589 ETFs have low correlation with FXF (below 0.3), 86 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.57, roughly unchanged from -0.55 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.57 | -0.57 | -0.55 | 56 | Leveraged Currency | FXF vs YCS | |
| TCW AAA CLO ETF | -0.31 | -0.33 | -0.33 | 99 | CLO | FXF vs ACLO | |
| United States Oil Fund LP | -0.24 | -0.14 | -0.03 | 55 | Oil & Gas | FXF vs USO | |
| United States Brent Oil Fund LP | -0.23 | -0.14 | -0.02 | 52 | Oil & Gas | FXF vs BNO | |
| Invesco DB Energy Fund | -0.22 | -0.14 | -0.02 | 72 | Oil & Gas | FXF 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 FXF, 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 McKesson Corporation (MCK) (Healthcare) with a 1Y correlation of -0.10, down from 0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| McKesson Corporation | -0.10 | -0.05 | 0.01 | 67 | Healthcare | |
| W. R. Berkley Corporation | -0.09 | -0.01 | 0.04 | 56 | Financial Services | |
| Sabine Royalty Trust | -0.07 | -0.02 | 0.05 | 64 | Energy | |
| Chubb Limited | -0.06 | -0.01 | 0.06 | 89 | Financial Services | |
| The Cigna Group | -0.02 | 0.03 | 0.08 | 51 | Healthcare |
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Build a portfolio that complements FXF
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