Looking to diversify beyond FXG? The ETFs below have the lowest correlation with FXG — 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 FXG.
Best Diversifiers for FXG
1638 ETFs have low correlation with FXG (below 0.3), 211 of which are negatively correlated. The least correlated is ProShares Ultra Semiconductors (USD) (Leveraged Equities) with a 1Y correlation of -0.25, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Ultra Semiconductors | -0.25 | -0.08 | 0.10 | 82 | Leveraged Equities, Semiconductors | FXG vs USD | |
| ProShares UltraShort Yen | -0.24 | -0.13 | -0.08 | 63 | Leveraged Currency | FXG vs YCS | |
| First Trust Bloomberg Artificial Intelligence ETF | -0.24 | — | — | 64 | Technology Equities | FXG vs FAI | |
| Columbia Select Technology ETF | -0.22 | -0.00 | — | 70 | Semiconductors, Technology Equities | FXG vs SEMI | |
| iShares Technology Opportunities Active ETF | -0.22 | — | — | 57 | Technology Equities | FXG vs TEK |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FXG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FXG and solid risk/return profiles. The least correlated is Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of -0.08, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | -0.08 | 0.02 | 0.14 | 54 | Consumer Cyclical | |
| AGNC Investment Corp. | 0.39 | 0.37 | 0.40 | 77 | Real Estate |
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