Looking to diversify beyond FPRO? The ETFs below have historically moved differently from FPRO, 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 FPRO
1333 ETFs have low correlation with FPRO (below 0.3), 102 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.29, down from -0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.29 | -0.25 | -0.18 | 56 | Leveraged Currency | FPRO vs YCS | |
| Invesco DB Energy Fund | -0.20 | -0.14 | -0.00 | 72 | Oil & Gas | FPRO vs DBE | |
| United States Brent Oil Fund LP | -0.18 | -0.13 | -0.01 | 52 | Oil & Gas | FPRO vs BNO | |
| United States Gasoline Fund LP | -0.18 | -0.11 | 0.01 | 87 | Oil & Gas | FPRO vs UGA | |
| Invesco DB Oil Fund | -0.18 | -0.12 | -0.00 | 58 | Oil & Gas | FPRO vs DBO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FPRO, 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 Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.36, down from 0.48 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.36 | 0.44 | 0.48 | 61 | Financial Services | |
| American Healthcare REIT, Inc. | 0.37 | 0.46 | 0.46 | 89 | Real Estate | |
| Diversified Healthcare Trust | 0.40 | 0.43 | 0.45 | 99 | Real Estate | |
| Realty Income Corporation | 0.66 | 0.69 | 0.73 | 77 | Real Estate | |
| First Industrial Realty Trust, Inc. | 0.66 | 0.74 | 0.79 | 91 | Real Estate |
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