Looking to diversify beyond FTPA? The ETFs below have the lowest correlation with FTPA — 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 FTPA.
Best Diversifiers for FTPA
2 ETFs have low correlation with FTPA (below 0.3), 0 of which are negatively correlated. The least correlated is Franklin FTSE Japan ETF (FLJP) (Japan Equities) with a 1Y correlation of 0.22, roughly unchanged from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin FTSE Japan ETF | 0.22 | 0.22 | 0.22 | 52 | Japan Equities | FTPA vs FLJP | |
| iShares Short Maturity Municipal Bond ETF | 0.28 | 0.28 | 0.28 | 96 | Municipal Bonds | FTPA vs MEAR | |
| Franklin FTSE South Korea ETF | 0.31 | 0.31 | 0.31 | 93 | Asia Pacific Equities | FTPA vs FLKR | |
| Goldman Sachs Ultra Short Municipal Income ETF | 0.33 | 0.33 | 0.33 | 96 | Municipal Bonds | FTPA vs GUMI | |
| First Trust Flexible Municipal High Income ETF | 0.47 | 0.47 | 0.47 | 82 | Municipal Bonds | FTPA vs MFLX |
See all 9 diversifiers for FTPA
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