Looking to balance out your exposure to FIP? The ETFs below have historically moved differently from FIP, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FIP
1 ETFs have low correlation with FIP (below 0.3), 0 of which are negatively correlated. The least correlated is iShares MSCI Japan Small Cap ETF (SCJ) (Japan Equities) with a 1Y correlation of 0.26, roughly unchanged from 0.22 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI Japan Small Cap ETF | 0.26 | 0.22 | — | 68 | Japan Equities, Asia Pacific Equities | FIP vs SCJ | |
| Vanguard S&P 500 ETF | 0.40 | 0.40 | — | 68 | S&P 500 | FIP vs VOO |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FIP, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of -0.11, down from 0.10 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | -0.11 | 0.10 | — | 61 | Financial Services | |
| HCA Healthcare, Inc. | -0.05 | 0.11 | — | 57 | Healthcare | |
| Johnson & Johnson | -0.02 | 0.02 | — | 97 | Healthcare | |
| Enterprise Products Partners L.P. | 0.02 | 0.15 | — | 89 | Energy | |
| ONEOK, Inc. | 0.07 | 0.19 | — | 63 | Energy |
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