Looking to balance out your exposure to FIP? The ETFs below have the lowest correlation with FIP — they tend to move on their own, which can help reduce risk when FIP drops. The stock ideas table highlights individual companies that behave independently from FIP.
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 0.20 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI Japan Small Cap ETF | 0.26 | 0.20 | — | 53 | Japan Equities | FIP vs SCJ | |
| Vanguard S&P 500 ETF | 0.38 | 0.37 | — | 74 | S&P 500 | FIP vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FIP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FIP and solid risk/return profiles. The least correlated is Johnson & Johnson (JNJ) (Healthcare) with a 1Y correlation of 0.01, roughly unchanged from 0.04 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson & Johnson | 0.01 | 0.04 | — | 94 | Healthcare | |
| Enterprise Products Partners L.P. | 0.08 | 0.17 | — | 88 | Energy | |
| Nutrien Ltd. | 0.10 | 0.17 | — | 59 | Basic Materials | |
| Apple Inc | 0.10 | 0.16 | — | 90 | Technology | |
| Medpace Holdings, Inc. | 0.12 | 0.23 | — | 69 | Healthcare |
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