Looking to diversify beyond FLJP? The ETFs below have the lowest correlation with FLJP — 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 FLJP.
Best Diversifiers for FLJP
366 ETFs have low correlation with FLJP (below 0.3), 71 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.45, roughly unchanged from -0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.45 | -0.37 | -0.43 | 51 | Currency | FLJP vs UUP | |
| ProShares UltraShort Yen | -0.36 | -0.26 | -0.27 | 72 | Leveraged Currency | FLJP vs YCS | |
| ProShares Short Bitcoin ETF | -0.32 | -0.19 | -0.23 | 57 | Cryptocurrency | FLJP vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.32 | -0.26 | -0.26 | 52 | Cryptocurrency, Leveraged Cryptocurrency | FLJP vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.29 | -0.24 | -0.24 | 60 | Inverse Equities | FLJP vs SMST |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FLJP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FLJP and solid risk/return profiles. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.13, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.13 | 0.25 | 0.36 | 53 | Financial Services | |
| NextEra Energy, Inc. | 0.16 | 0.16 | 0.24 | 73 | Utilities | |
| AST SpaceMobile, Inc. | 0.25 | 0.26 | 0.27 | 65 | Technology | |
| Amazon.com, Inc | 0.25 | 0.34 | 0.42 | 54 | Consumer Cyclical | |
| Genmab A/S | 0.30 | 0.32 | 0.31 | 70 | Healthcare |
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Build a portfolio that complements FLJP
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