Looking to balance out your exposure to FPI? The ETFs below have historically moved differently from FPI, 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 FPI
28 ETFs have low correlation with FPI (below 0.3), 5 of which are negatively correlated. The least correlated is SPDR S&P Oil & Gas Exploration & Production ETF (XOP) (Energy Equities) with a 1Y correlation of -0.04, down from 0.27 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR S&P Oil & Gas Exploration & Production ETF | -0.04 | 0.17 | 0.27 | 58 | Energy Equities | FPI vs XOP | |
| iShares 0-3 Month Treasury Bond ETF | -0.03 | -0.00 | 0.01 | 100 | Ultrashort Bond | FPI vs SGOV | |
| abrdn Bloomberg All Commodity Strategy K-1 Free ET... | -0.03 | 0.08 | 0.16 | 76 | Commodities | FPI vs BCI | |
| WisdomTree Floating Rate Treasury Fund | -0.03 | 0.04 | 0.00 | 100 | Government Bonds, Ultrashort Bond | FPI vs USFR | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.01 | 0.01 | -0.01 | 100 | Government Bonds, Ultrashort Bond | FPI vs BIL |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FPI, 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 Micron Technology, Inc. (MU) (Technology) with a 1Y correlation of -0.02, down from 0.16 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Micron Technology, Inc. | -0.02 | 0.10 | 0.16 | 99 | Technology | |
| BlackRock Science and Technology Term Trust | -0.00 | 0.17 | 0.25 | 87 | Financial Services | |
| Chevron Corporation | 0.02 | 0.13 | 0.19 | 80 | Energy | |
| Advanced Micro Devices, Inc. | 0.04 | 0.12 | 0.19 | 94 | Technology | |
| Flex Ltd. | 0.07 | 0.17 | 0.25 | 91 | Technology |
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