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
321 ETFs have low correlation with FLJP (below 0.3), 38 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.39, down from -0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.39 | -0.27 | -0.27 | 63 | Leveraged Currency | FLJP vs YCS | |
| United States Gasoline Fund LP | -0.26 | -0.06 | 0.06 | 55 | Oil & Gas | FLJP vs UGA | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.22 | — | — | 97 | Inflation-Protected Bonds | FLJP vs RBIL | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.16 | — | — | 98 | Inflation-Protected Bonds | FLJP vs IBIC | |
| TCW AAA CLO ETF | -0.15 | — | — | 99 | CLO | FLJP vs ACLO |
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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 Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of 0.28, down from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | 0.28 | 0.36 | 0.43 | 54 | Consumer Cyclical | |
| AST SpaceMobile, Inc. | 0.28 | 0.26 | 0.29 | 60 | Technology | |
| First Solar, Inc. | 0.28 | 0.26 | 0.28 | 76 | Technology | |
| NVIDIA Corporation | 0.33 | 0.35 | 0.44 | 72 | Technology | |
| Rocket Lab USA, Inc. | 0.33 | 0.31 | — | 87 | Industrials |
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