Looking to diversify beyond FALN? The ETFs below have the lowest correlation with FALN — 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 FALN.
Best Diversifiers for FALN
225 ETFs have low correlation with FALN (below 0.3), 77 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.39, down from -0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.39 | -0.29 | -0.28 | 63 | Leveraged Currency | FALN vs YCS | |
| Invesco DB Energy Fund | -0.38 | -0.11 | 0.03 | 71 | Oil & Gas | FALN vs DBE | |
| United States Oil Fund LP | -0.38 | -0.12 | 0.02 | 66 | Oil & Gas | FALN vs USO | |
| United States Brent Oil Fund LP | -0.37 | -0.10 | 0.02 | 65 | Oil & Gas | FALN vs BNO | |
| Invesco DB Oil Fund | -0.35 | -0.10 | 0.03 | 65 | Oil & Gas | FALN vs DBO |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FALN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FALN and solid risk/return profiles. The least correlated is Oxford Lane Capital Corp. (OXLCP) (Financial Services) with a 1Y correlation of 0.05, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Oxford Lane Capital Corp. | 0.05 | 0.09 | 0.13 | 95 | Financial Services | |
| CareTrust REIT, Inc. | 0.14 | 0.22 | 0.31 | 83 | Real Estate | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | 0.15 | 0.05 | 0.08 | 88 | Financial Services |
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