Looking to diversify beyond FCLO? The ETFs below have the lowest correlation with FCLO — 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 FCLO.
Best Diversifiers for FCLO
1958 ETFs have low correlation with FCLO (below 0.3), 1015 of which are negatively correlated. The least correlated is ETRACS 2x Leveraged US Size Factor TR ETN (IWML) (Leveraged Equities) with a 1Y correlation of -0.11, roughly unchanged from -0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ETRACS 2x Leveraged US Size Factor TR ETN | -0.11 | -0.11 | -0.11 | 67 | Leveraged Equities | FCLO vs IWML | |
| iShares Interest Rate Hedged Corporate Bond ETF | -0.11 | -0.11 | -0.11 | 85 | Corporate Bonds | FCLO vs LQDH | |
| Madison Short-Term Strategic Income ETF | -0.11 | -0.11 | -0.11 | 65 | Short-Term Bond | FCLO vs MSTI | |
| Nomura Focused Emerging Markets Equity ETF | -0.10 | -0.10 | -0.10 | 91 | Emerging Markets Diversified | FCLO vs EMEQ | |
| Virtus Newfleet ABS/MBS ETF | -0.10 | -0.10 | -0.10 | 83 | Mortgage Backed Securities | FCLO vs VABS |
See all 1958 diversifiers for FCLO
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