Looking to balance out your exposure to FRPT? The ETFs below have the lowest correlation with FRPT — they tend to move on their own, which can help reduce risk when FRPT drops. The stock ideas table highlights individual companies that behave independently from FRPT.
Best Diversifiers for FRPT
2 ETFs have low correlation with FRPT (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.22, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.22 | 0.34 | 0.41 | 70 | S&P 500 | FRPT vs SPY | |
| Vanguard S&P 500 ETF | 0.22 | 0.34 | 0.41 | 70 | S&P 500 | FRPT vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FRPT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FRPT and solid risk/return profiles. The least correlated is Lattice Semiconductor Corporation (LSCC) (Technology) with a 1Y correlation of 0.08, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Lattice Semiconductor Corporation | 0.08 | 0.19 | 0.29 | 97 | Technology | |
| Broadcom Inc. | 0.08 | 0.19 | 0.25 | 84 | Technology | |
| Opendoor Technologies Inc. | 0.12 | 0.20 | 0.29 | 96 | Real Estate | |
| Rolls-Royce Holdings plc | 0.13 | 0.22 | 0.22 | 70 | Industrials |
Build a portfolio that complements FRPT
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