Looking to balance out your exposure to FRPH? The ETFs below have the lowest correlation with FRPH — they tend to move on their own, which can help reduce risk when FRPH drops. The stock ideas table highlights individual companies that behave independently from FRPH.
Best Diversifiers for FRPH
1 ETFs have low correlation with FRPH (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.30, roughly unchanged from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.30 | 0.37 | 0.38 | 70 | S&P 500 | FRPH vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FRPH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FRPH and solid risk/return profiles. The least correlated is Brookfield Corp (BN) (Financial Services) with a 1Y correlation of 0.36, roughly unchanged from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Brookfield Corp | 0.36 | 0.45 | 0.40 | 53 | Financial Services |
Build a portfolio that complements FRPH
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