Looking to diversify beyond FXN? The ETFs below have historically moved differently from FXN, 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 FXN
2087 ETFs have low correlation with FXN (below 0.3), 1239 of which are negatively correlated. The least correlated is Dimensional California Municipal Bond ETF (DFCA) (Municipal Bonds) with a 1Y correlation of -0.30, down from -0.10 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Dimensional California Municipal Bond ETF | -0.30 | -0.10 | — | 73 | Municipal Bonds | FXN vs DFCA | |
| Invesco BulletShares 2032 Municipal Bond ETF | -0.29 | -0.10 | — | 65 | Municipal Bonds | FXN vs BSMW | |
| Fidelity Municipal Bond Opportunities ETF | -0.28 | -0.21 | -0.21 | 76 | Municipal Bonds | FXN vs FMUB | |
| Vanguard Tax-Exempt Bond ETF | -0.27 | -0.08 | -0.06 | 74 | Municipal Bonds | FXN vs VTEB | |
| AB Short Duration Income ETF | -0.27 | — | — | 87 | Short-Term Bond | FXN vs SDFI |
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