Looking to diversify beyond FXL? The ETFs below have historically moved differently from FXL, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FXL
550 ETFs have low correlation with FXL (below 0.3), 97 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.50 | — | — | 52 | Inverse Equities | FXL vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.50 | -0.48 | -0.48 | 61 | Inverse Equities, Leveraged Equities | FXL vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.48 | -0.37 | — | 61 | Cryptocurrency | FXL vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.47 | -0.43 | -0.43 | 55 | Cryptocurrency, Leveraged Cryptocurrency | FXL vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.47 | — | — | 75 | Derivative Income | FXL vs WNTR |
See all 2242 diversifiers for FXL
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