Looking to diversify beyond FXL? The ETFs below have the lowest correlation with FXL — 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 FXL.
Best Diversifiers for FXL
457 ETFs have low correlation with FXL (below 0.3), 70 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.48 | — | — | 60 | Inverse Equities | FXL vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.47 | — | — | 68 | Inverse Equities, Leveraged Equities | FXL vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.45 | -0.37 | -0.39 | 57 | Cryptocurrency | FXL vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.44 | -0.43 | -0.43 | 52 | Cryptocurrency, Leveraged Cryptocurrency | FXL vs SBIT | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.43 | — | — | 70 | Derivative Income | FXL vs WNTR |
See all 2049 diversifiers for FXL
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Diversification Analysis
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