Looking to diversify beyond FPWR? The ETFs below have the lowest correlation with FPWR — 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 FPWR.
Best Diversifiers for FPWR
2 ETFs have low correlation with FPWR (below 0.3), 0 of which are negatively correlated. The least correlated is First Trust Nasdaq Semiconductor ETF (FTXL) (Semiconductors) with a 1Y correlation of 0.12, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Nasdaq Semiconductor ETF | 0.12 | 0.16 | 0.28 | 92 | Semiconductors, Technology Equities | FPWR vs FTXL | |
| First Trust RBA American Industrial Renaissance ET... | 0.29 | 0.41 | 0.50 | 69 | Building & Construction | FPWR vs AIRR | |
| ALPS Electrification Infrastructure ETF | 0.50 | — | — | 61 | Utilities Equities | FPWR vs ELFY | |
| First Trust Morningstar Dividend Leaders Index Fun... | 0.51 | 0.61 | 0.66 | 87 | Large Cap Value Equities, Dividend | FPWR vs FDL | |
| SPDR S&P Global Infrastructure ETF | 0.72 | 0.80 | 0.82 | 62 | Utilities Equities | FPWR vs GII |
See all 8 diversifiers for FPWR
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