Looking to diversify beyond FXY? The ETFs below have the lowest correlation with FXY — 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 FXY.
Best Diversifiers for FXY
1718 ETFs have low correlation with FXY (below 0.3), 91 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.96, roughly unchanged from -0.97 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.96 | -0.96 | -0.97 | 63 | Leveraged Currency | FXY vs YCS | |
| Defiance Oil Enhanced Options Income ETF | -0.30 | — | — | 56 | Derivative Income | FXY vs USOY | |
| United States Oil Fund LP | -0.28 | -0.13 | -0.07 | 66 | Oil & Gas | FXY vs USO | |
| United States Brent Oil Fund LP | -0.27 | -0.13 | -0.07 | 65 | Oil & Gas | FXY vs BNO | |
| Invesco DB Oil Fund | -0.27 | -0.13 | -0.07 | 65 | Oil & Gas | FXY vs DBO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FXY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FXY and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.05, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.05 | -0.02 | -0.01 | 90 | Technology | |
| Amazon.com, Inc | 0.06 | -0.06 | -0.01 | 63 | Consumer Cyclical | |
| Singapore Exchange Ltd ADR | 0.15 | 0.15 | 0.15 | 94 | Financial Services | |
| Rolls-Royce Holdings plc | 0.15 | 0.06 | 0.03 | 74 | Industrials | |
| Safran SA | 0.18 | 0.13 | 0.09 | 55 | Industrials |
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