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
1287 ETFs have low correlation with FPRO (below 0.3), 98 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.44, roughly unchanged from -0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.44 | -0.44 | -0.44 | 99 | Leveraged Equities, Semiconductors | FPRO vs MUU | |
| ProShares UltraShort Yen | -0.36 | -0.25 | -0.19 | 72 | Leveraged Currency | FPRO vs YCS | |
| Invesco DB US Dollar Index Bullish Fund | -0.29 | -0.28 | -0.30 | 51 | Currency | FPRO vs UUP | |
| Invesco DB Energy Fund | -0.18 | -0.13 | 0.00 | 53 | Oil & Gas | FPRO vs DBE | |
| United States Gasoline Fund LP | -0.18 | -0.10 | 0.01 | 78 | Oil & Gas | FPRO vs UGA |
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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 Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of 0.33, down from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | 0.33 | 0.37 | 0.43 | 53 | Industrials | |
| Berkshire Hathaway Inc. | 0.37 | 0.43 | 0.48 | 53 | Financial Services | |
| American Healthcare REIT, Inc. | 0.38 | 0.46 | 0.46 | 90 | Real Estate | |
| Diversified Healthcare Trust | 0.41 | 0.42 | 0.46 | 97 | Real Estate | |
| Realty Income Corporation | 0.67 | 0.68 | 0.74 | 74 | Real Estate |
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Build a portfolio that complements FPRO
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