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
434 ETFs have low correlation with FJP (below 0.3), 66 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.40, roughly unchanged from -0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.40 | -0.30 | -0.36 | 51 | Currency | FJP vs UUP | |
| ProShares UltraShort Yen | -0.30 | -0.21 | -0.23 | 72 | Leveraged Currency | FJP vs YCS | |
| ProShares Short Bitcoin ETF | -0.29 | -0.16 | -0.18 | 57 | Cryptocurrency | FJP vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.28 | -0.20 | -0.20 | 52 | Cryptocurrency, Leveraged Cryptocurrency | FJP vs SBIT | |
| Invesco DB Energy Fund | -0.23 | -0.06 | 0.05 | 53 | Oil & Gas | FJP vs DBE |
See all 2038 diversifiers for FJP
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Diversification Analysis
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