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
575 ETFs have low correlation with FXI (below 0.3), 42 of which are negatively correlated. The least correlated is Proshares Ultrashort Bitcoin ETF (SBIT) (Cryptocurrency) with a 1Y correlation of -0.33, roughly unchanged from -0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.33 | -0.26 | -0.26 | 52 | Cryptocurrency, Leveraged Cryptocurrency | FXI vs SBIT | |
| ProShares Short Bitcoin ETF | -0.33 | -0.20 | -0.23 | 57 | Cryptocurrency | FXI vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.32 | — | — | 68 | Inverse Equities, Leveraged Equities | FXI vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.32 | — | — | 60 | Inverse Equities | FXI vs SMST | |
| Invesco DB US Dollar Index Bullish Fund | -0.30 | -0.31 | -0.32 | 51 | Currency | FXI vs UUP |
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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 Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.23, down from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.23 | -0.06 | 0.00 | 53 | Industrials | |
| Duke Energy Corporation | -0.16 | 0.03 | 0.01 | 66 | Utilities | |
| Altria Group, Inc. | -0.14 | 0.04 | 0.05 | 81 | Consumer Defensive | |
| The Southern Company | -0.14 | 0.07 | 0.04 | 58 | Utilities | |
| Chubb Limited | -0.12 | 0.02 | 0.09 | 86 | Financial Services |
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Build a portfolio that complements FXI
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