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
528 ETFs have low correlation with FPX (below 0.3), 82 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.46 | — | — | 64 | Inverse Equities | FPX vs SMST | |
| ProShares Short Bitcoin ETF | -0.46 | -0.39 | — | 53 | Cryptocurrency | FPX vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.46 | — | — | 69 | Inverse Equities, Leveraged Equities | FPX vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.43 | — | — | 74 | Derivative Income | FPX vs WNTR | |
| Alpha Architect Tail Risk ETF | -0.27 | -0.06 | — | 55 | Options Trading | FPX vs CAOS |
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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 Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of -0.08, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | -0.08 | 0.15 | 0.30 | 50 | Financial Services | |
| Amazon.com, Inc | 0.42 | 0.52 | 0.61 | 54 | Consumer Cyclical | |
| SoftBank Group Corp. | 0.49 | 0.50 | 0.51 | 76 | Communication Services | |
| Tesla, Inc. | 0.50 | 0.51 | 0.55 | 58 | Consumer Cyclical | |
| NVIDIA Corporation | 0.52 | 0.54 | 0.63 | 60 | Technology |
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