Looking to diversify beyond FLAG? The ETFs below have the lowest correlation with FLAG — 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 FLAG.
Best Diversifiers for FLAG
532 ETFs have low correlation with FLAG (below 0.3), 44 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.29, roughly unchanged from -0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.29 | -0.26 | -0.26 | 64 | Inverse Equities | FLAG vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.29 | -0.26 | -0.26 | 69 | Inverse Equities, Leveraged Equities | FLAG vs MSTZ | |
| ProShares Short Bitcoin ETF | -0.26 | — | — | 53 | Cryptocurrency | FLAG vs BITI | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.26 | — | — | 74 | Derivative Income | FLAG vs WNTR | |
| Invesco DB Energy Fund | -0.25 | — | — | 60 | Oil & Gas | FLAG vs DBE |
See all 1992 diversifiers for FLAG
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