Looking to diversify beyond FLAX? The ETFs below have the lowest correlation with FLAX — 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 FLAX.
Best Diversifiers for FLAX
339 ETFs have low correlation with FLAX (below 0.3), 40 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.27, down from -0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.27 | -0.17 | -0.14 | 61 | Leveraged Currency | FLAX vs YCS | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.21 | -0.02 | -0.02 | 98 | Inflation-Protected Bonds | FLAX vs IBIC | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.16 | -0.19 | -0.19 | 97 | Inflation-Protected Bonds | FLAX vs RBIL | |
| WisdomTree Floating Rate Treasury Fund | -0.15 | -0.03 | -0.01 | 100 | Government Bonds, Ultrashort Bond | FLAX vs USFR | |
| iShares 0-3 Month Treasury Bond ETF | -0.14 | -0.03 | 0.02 | 100 | Ultrashort Bond | FLAX vs SGOV |
See all 2068 diversifiers for FLAX
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