Looking to diversify beyond FPRO? The ETFs below have the lowest correlation with FPRO — 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 FPRO.
Best Diversifiers for FPRO
1169 ETFs have low correlation with FPRO (below 0.3), 43 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.35, down from -0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.35 | -0.24 | -0.18 | 61 | Leveraged Currency | FPRO vs YCS | |
| Fidelity Managed Futures ETF | -0.13 | -0.12 | -0.12 | 64 | Systematic Trend | FPRO vs FFUT | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.11 | — | — | 97 | Inflation-Protected Bonds | FPRO vs RBIL | |
| NestYield Dynamic Income ETF | -0.08 | 0.03 | 0.03 | 59 | Derivative Income | FPRO vs EGGY | |
| First Trust Alternative Absolute Return Strategy E... | -0.08 | -0.04 | -0.03 | 70 | Commodities | FPRO vs FAAR |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FPRO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FPRO and solid risk/return profiles. The least correlated is American Healthcare REIT, Inc. (AHR) (Real Estate) with a 1Y correlation of 0.38, roughly unchanged from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| American Healthcare REIT, Inc. | 0.38 | 0.46 | 0.46 | 79 | Real Estate | |
| Diversified Healthcare Trust | 0.41 | 0.41 | 0.46 | 96 | Real Estate |
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