Looking to diversify beyond FXI? The ETFs below have the lowest correlation with FXI — 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 FXI.
Best Diversifiers for FXI
563 ETFs have low correlation with FXI (below 0.3), 65 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.21, roughly unchanged from -0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.21 | -0.16 | -0.12 | 63 | Leveraged Currency | FXI vs YCS | |
| Defiance Oil Enhanced Options Income ETF | -0.17 | — | — | 56 | Derivative Income | FXI vs USOY | |
| United States Oil Fund LP | -0.16 | 0.04 | 0.08 | 66 | Oil & Gas | FXI vs USO | |
| United States Brent Oil Fund LP | -0.15 | 0.05 | 0.08 | 65 | Oil & Gas | FXI vs BNO | |
| Invesco DB Energy Fund | -0.15 | 0.05 | 0.10 | 71 | Oil & Gas | FXI vs DBE |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FXI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FXI and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.15, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.15 | 0.05 | 0.02 | 52 | Utilities | |
| Altria Group, Inc. | -0.11 | 0.07 | 0.06 | 67 | Consumer Defensive | |
| The Coca-Cola Company | -0.05 | 0.09 | 0.08 | 63 | Consumer Defensive | |
| ConocoPhillips Company | -0.03 | 0.08 | 0.12 | 76 | Energy | |
| Exxon Mobil Corporation | -0.03 | 0.13 | 0.15 | 85 | Energy |
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