Looking to diversify beyond FXO? The ETFs below have the lowest correlation with FXO — 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 FXO.
Best Diversifiers for FXO
667 ETFs have low correlation with FXO (below 0.3), 56 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.29, roughly unchanged from -0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.29 | -0.30 | -0.33 | 57 | Cryptocurrency | FXO vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.29 | -0.33 | -0.33 | 52 | Cryptocurrency, Leveraged Cryptocurrency | FXO vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.28 | -0.31 | -0.31 | 68 | Inverse Equities, Leveraged Equities | FXO vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.28 | -0.31 | -0.31 | 60 | Inverse Equities | FXO vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.25 | — | — | 70 | Derivative Income | FXO vs WNTR |
See all 2042 diversifiers for FXO
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Diversification Analysis
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