Looking to diversify beyond FCPI? The ETFs below have the lowest correlation with FCPI — 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 FCPI.
Best Diversifiers for FCPI
336 ETFs have low correlation with FCPI (below 0.3), 41 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.45, roughly unchanged from -0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.45 | -0.35 | -0.37 | 57 | Cryptocurrency | FCPI vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.45 | -0.40 | -0.40 | 52 | Cryptocurrency, Leveraged Cryptocurrency | FCPI vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.44 | -0.42 | -0.42 | 68 | Inverse Equities, Leveraged Equities | FCPI vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.44 | -0.43 | -0.43 | 60 | Inverse Equities | FCPI vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.40 | — | — | 70 | Derivative Income | FCPI vs WNTR |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FCPI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FCPI and solid risk/return profiles. The least correlated is Dorchester Minerals, L.P. (DMLP) (Energy) with a 1Y correlation of -0.07, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Dorchester Minerals, L.P. | -0.07 | 0.13 | 0.25 | 53 | Energy | |
| Omega Healthcare Investors, Inc. | -0.06 | 0.18 | 0.30 | 89 | Real Estate | |
| MPLX LP | 0.07 | 0.32 | 0.43 | 82 | Energy |
Build a portfolio that complements FCPI
Add FCPI to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FCPI