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
340 ETFs have low correlation with FLAU (below 0.3), 51 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.38, down from -0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.38 | -0.27 | -0.23 | 63 | Leveraged Currency | FLAU vs YCS | |
| United States Oil Fund LP | -0.28 | 0.02 | 0.17 | 66 | Oil & Gas | FLAU vs USO | |
| United States Brent Oil Fund LP | -0.28 | 0.02 | 0.17 | 65 | Oil & Gas | FLAU vs BNO | |
| Invesco DB Energy Fund | -0.28 | 0.01 | 0.18 | 71 | Oil & Gas | FLAU vs DBE | |
| United States Gasoline Fund LP | -0.27 | -0.01 | 0.14 | 71 | Oil & Gas | FLAU vs UGA |
See all 2190 diversifiers for FLAU
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Diversification Analysis
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