Looking to diversify beyond FPX? The ETFs below have the lowest correlation with FPX — 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 FPX.
Best Diversifiers for FPX
452 ETFs have low correlation with FPX (below 0.3), 78 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.22, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.22 | -0.02 | 0.10 | 71 | Oil & Gas | FPX vs DBE | |
| United States Oil Fund LP | -0.22 | -0.01 | 0.09 | 66 | Oil & Gas | FPX vs USO | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.20 | — | — | 98 | Inflation-Protected Bonds | FPX vs RBIL | |
| United States Brent Oil Fund LP | -0.19 | -0.00 | 0.09 | 65 | Oil & Gas | FPX vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.19 | — | — | 56 | Derivative Income | FPX vs USOY |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FPX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FPX and solid risk/return profiles. The least correlated is Tesla, Inc. (TSLA) (Consumer Cyclical) with a 1Y correlation of 0.41, down from 0.55 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tesla, Inc. | 0.41 | 0.49 | 0.55 | 55 | Consumer Cyclical | |
| Amazon.com, Inc | 0.43 | 0.54 | 0.62 | 60 | Consumer Cyclical | |
| SoftBank Group Corp. | 0.45 | 0.49 | 0.50 | 93 | Communication Services | |
| NVIDIA Corporation | 0.47 | 0.53 | 0.64 | 78 | Technology | |
| Advantest Corp DRC | 0.53 | 0.49 | 0.49 | 94 | Technology |
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