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
1672 ETFs have low correlation with FXY (below 0.3), 86 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.95, roughly unchanged from -0.97 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.95 | -0.96 | -0.97 | 72 | Leveraged Currency | FXY vs YCS | |
| United States Gasoline Fund LP | -0.27 | -0.14 | -0.07 | 82 | Oil & Gas | FXY vs UGA | |
| Invesco DB Energy Fund | -0.26 | -0.13 | -0.08 | 57 | Oil & Gas | FXY vs DBE | |
| TCW AAA CLO ETF | -0.25 | — | — | 99 | CLO | FXY vs ACLO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.21 | -0.06 | -0.02 | 56 | Commodities | FXY vs GSG |
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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 Kinder Morgan, Inc. (KMI) (Energy) with a 1Y correlation of 0.03, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Kinder Morgan, Inc. | 0.03 | 0.04 | 0.04 | 76 | Energy | |
| TotalEnergies SE | 0.05 | 0.02 | 0.04 | 80 | Energy | |
| McKesson Corporation | 0.06 | -0.01 | -0.00 | 58 | Healthcare | |
| Amazon.com, Inc | 0.07 | -0.03 | 0.00 | 54 | Consumer Cyclical | |
| Apple Inc | 0.09 | -0.01 | -0.01 | 91 | Technology |
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