Looking to diversify beyond FLAU? The ETFs below have historically moved differently from FLAU, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FLAU
336 ETFs have low correlation with FLAU (below 0.3), 64 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.40, roughly unchanged from -0.32 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.40 | -0.32 | — | 51 | Cryptocurrency | FLAU vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.35 | — | — | 69 | Derivative Income | FLAU vs WNTR | |
| ProShares UltraShort Yen | -0.31 | -0.27 | -0.23 | 59 | Leveraged Currency | FLAU vs YCS | |
| Invesco DB Energy Fund | -0.27 | -0.03 | 0.15 | 66 | Oil & Gas | FLAU vs DBE | |
| United States Gasoline Fund, LP | -0.24 | -0.03 | 0.13 | 83 | Oil & Gas | FLAU vs UGA |
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