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
428 ETFs have low correlation with FXL (below 0.3), 80 of which are negatively correlated. The least correlated is United States Oil Fund LP (USO) (Oil & Gas) with a 1Y correlation of -0.24, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Oil Fund LP | -0.24 | -0.04 | 0.06 | 66 | Oil & Gas | FXL vs USO | |
| Invesco DB Energy Fund | -0.23 | -0.04 | 0.07 | 71 | Oil & Gas | FXL vs DBE | |
| United States Brent Oil Fund LP | -0.21 | -0.03 | 0.06 | 65 | Oil & Gas | FXL vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.21 | — | — | 56 | Derivative Income | FXL vs USOY | |
| United States Gasoline Fund LP | -0.19 | -0.03 | 0.06 | 69 | Oil & Gas | FXL vs UGA |
See all 2115 diversifiers for FXL
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