Looking to diversify beyond FJP? The ETFs below have the lowest correlation with FJP — 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 FJP.
Best Diversifiers for FJP
493 ETFs have low correlation with FJP (below 0.3), 58 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.32, roughly unchanged from -0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.32 | -0.22 | -0.24 | 61 | Leveraged Currency | FJP vs YCS | |
| United States Brent Oil Fund LP | -0.22 | -0.04 | 0.08 | 65 | Oil & Gas | FJP vs BNO | |
| Invesco DB Energy Fund | -0.21 | -0.03 | 0.07 | 71 | Oil & Gas | FJP vs DBE | |
| United States Oil Fund LP | -0.20 | -0.03 | 0.08 | 66 | Oil & Gas | FJP vs USO | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.18 | -0.11 | -0.11 | 98 | Inflation-Protected Bonds | FJP vs RBIL |
See all 2107 diversifiers for FJP
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Diversification Analysis
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