Looking to diversify beyond FLAU? The ETFs below have the lowest correlation with FLAU — 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 FLAU.
Best Diversifiers for FLAU
323 ETFs have low correlation with FLAU (below 0.3), 40 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.38, roughly unchanged from -0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.38 | -0.32 | -0.35 | 53 | Cryptocurrency | FLAU vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.34 | -0.32 | -0.32 | 65 | Inverse Equities, Leveraged Equities | FLAU vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.34 | -0.33 | -0.33 | 56 | Inverse Equities | FLAU vs SMST | |
| ProShares UltraShort Yen | -0.33 | -0.27 | -0.23 | 72 | Leveraged Currency | FLAU vs YCS | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.32 | -0.34 | -0.34 | 70 | Derivative Income | FLAU vs WNTR |
See all 2066 diversifiers for FLAU
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