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
323 ETFs have low correlation with FXZ (below 0.3), 27 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.20, down from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.20 | -0.09 | -0.06 | 61 | Leveraged Currency | FXZ vs YCS | |
| WisdomTree Floating Rate Treasury Fund | -0.14 | -0.04 | -0.04 | 100 | Government Bonds, Ultrashort Bond | FXZ vs USFR | |
| iShares Enhanced Short-Term Bond Active ETF | -0.12 | 0.03 | 0.03 | 99 | Ultrashort Bond | FXZ vs CSHP | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.11 | -0.09 | -0.09 | 97 | Inflation-Protected Bonds | FXZ vs RBIL | |
| Vanguard Ultra-Short Treasury ETF | -0.09 | -0.14 | -0.14 | 99 | Ultrashort Bond, Government Bonds | FXZ vs VGUS |
See all 2076 diversifiers for FXZ
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Diversification Analysis
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