Looking to diversify beyond FPA? The ETFs below have the lowest correlation with FPA — 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 FPA.
Best Diversifiers for FPA
357 ETFs have low correlation with FPA (below 0.3), 42 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.28, down from -0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.28 | -0.22 | -0.15 | 61 | Leveraged Currency | FPA vs YCS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.13 | -0.14 | -0.14 | 97 | Inflation-Protected Bonds | FPA vs RBIL | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.13 | 0.06 | 0.06 | 98 | Inflation-Protected Bonds | FPA vs IBIC | |
| WisdomTree Floating Rate Treasury Fund | -0.12 | -0.04 | -0.04 | 100 | Government Bonds, Ultrashort Bond | FPA vs USFR | |
| iShares Diversified Commodity Swap UCITS ETF | -0.12 | -0.02 | — | 77 | Commodities | FPA vs ISCMF |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FPA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FPA and solid risk/return profiles. The least correlated is Macy's, Inc. (M) (Consumer Cyclical) with a 1Y correlation of 0.17, roughly unchanged from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Macy's, Inc. | 0.17 | 0.22 | 0.22 | 92 | Consumer Cyclical | |
| Lumentum Holdings Inc. | 0.25 | 0.32 | 0.31 | 99 | Technology | |
| Sandisk Corporation | 0.42 | — | — | 100 | Technology | |
| Micron Technology, Inc. | 0.47 | 0.39 | 0.37 | 99 | Technology | |
| Teradyne, Inc. | 0.52 | 0.47 | 0.44 | 98 | Technology |
Build a portfolio that complements FPA
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