Looking to balance out your exposure to FPH? The ETFs below have historically moved differently from FPH, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FPH
2 ETFs have low correlation with FPH (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Convertible Bond ETF (ICVT) (Convertible Bonds) with a 1Y correlation of 0.13, down from 0.30 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Convertible Bond ETF | 0.13 | 0.22 | 0.30 | 68 | Convertible Bonds | FPH vs ICVT | |
| State Street SPDR S&P 500 ETF | 0.27 | 0.26 | 0.33 | 78 | S&P 500 | FPH vs SPY |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FPH, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Jones Lang LaSalle Incorporated (JLL) (Real Estate) with a 1Y correlation of 0.31, roughly unchanged from 0.36 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Jones Lang LaSalle Incorporated | 0.31 | 0.34 | 0.36 | 75 | Real Estate |
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