Looking to diversify beyond FXZ? The ETFs below have the lowest correlation with FXZ — 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 FXZ.
Best Diversifiers for FXZ
364 ETFs have low correlation with FXZ (below 0.3), 27 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.28 | — | — | 53 | Inverse Equities | FXZ vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.28 | — | — | 60 | Inverse Equities, Leveraged Equities | FXZ vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.24 | — | — | 65 | Derivative Income | FXZ vs WNTR | |
| ProShares UltraShort Yen | -0.17 | -0.09 | -0.06 | 75 | Leveraged Currency | FXZ vs YCS | |
| Return Stacked Bonds & Futures Yield ETF | -0.14 | -0.13 | -0.13 | 51 | Multistrategy | FXZ vs RSBY |
See all 2058 diversifiers for FXZ
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Diversification Analysis
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