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
1494 ETFs have low correlation with FXY (below 0.3), 48 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 | |
| United States Gasoline Fund LP | -0.25 | -0.11 | -0.06 | 55 | Oil & Gas | FXY vs UGA | |
| TCW AAA CLO ETF | -0.22 | — | — | 99 | CLO | FXY vs ACLO | |
| Fidelity Managed Futures ETF | -0.18 | — | — | 64 | Systematic Trend | FXY vs FFUT | |
| Breakwave Tanker Shipping ETF | -0.16 | -0.08 | — | 98 | Commodities | FXY vs BWET |
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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 Leonardo SpA ADR (FINMY) (Industrials) with a 1Y correlation of 0.06, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Leonardo SpA ADR | 0.06 | 0.03 | 0.05 | 52 | Industrials | |
| Amazon.com, Inc | 0.08 | -0.05 | -0.00 | 54 | Consumer Cyclical | |
| Apple Inc | 0.09 | -0.01 | -0.01 | 87 | Technology | |
| Singapore Exchange Ltd ADR | 0.15 | 0.15 | 0.15 | 97 | Financial Services | |
| Rolls-Royce Holdings plc | 0.18 | 0.07 | 0.03 | 79 | Industrials |
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