Looking to diversify beyond FXP? The ETFs below have historically moved differently from FXP, 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 FXP
2158 ETFs have low correlation with FXP (below 0.3), 2112 of which are negatively correlated. The least correlated is Invesco FTSE RAFI Emerging Markets ETF (PXH) (Emerging Markets Equities) with a 1Y correlation of -0.73, roughly unchanged from -0.80 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco FTSE RAFI Emerging Markets ETF | -0.73 | -0.81 | -0.80 | 69 | Emerging Markets Equities | FXP vs PXH | |
| Xtrackers Emerging Markets Carbon Reduction and Cl... | -0.61 | -0.72 | -0.79 | 55 | Emerging Markets Equities | FXP vs EMCR | |
| Schwab Fundamental Emerging Markets Equity ETF | -0.61 | -0.71 | -0.71 | 71 | Emerging Markets Equities | FXP vs FNDE | |
| FT Vest Emerging Markets Buffer ETF - September | -0.61 | — | — | 71 | Defined Outcome | FXP vs TSEP | |
| Innovator Emerging Markets Power Buffer ETF - Octo... | -0.60 | -0.71 | -0.78 | 88 | Options Trading | FXP vs EOCT |
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