Looking to balance out your exposure to FPH? The ETFs below have the lowest correlation with FPH — they tend to move on their own, which can help reduce risk when FPH drops. The stock ideas table highlights individual companies that behave independently from FPH.
Best Diversifiers for FPH
1 ETFs have low correlation with FPH (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Convertible Bond ETF (ICVT) (Preferred Stock/Convertible Bonds) with a 1Y correlation of 0.26, roughly unchanged from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Convertible Bond ETF | 0.26 | 0.26 | 0.33 | 87 | Preferred Stock/Convertible Bonds | FPH vs ICVT | |
| State Street SPDR S&P 500 ETF | 0.36 | 0.28 | 0.34 | 70 | S&P 500 | FPH vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FPH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FPH and solid risk/return profiles. The least correlated is Jones Lang LaSalle Incorporated (JLL) (Real Estate) with a 1Y correlation of 0.30, roughly unchanged from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Jones Lang LaSalle Incorporated | 0.30 | 0.34 | 0.36 | 64 | Real Estate |
Build a portfolio that complements FPH
Add FPH to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FPH