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
426 ETFs have low correlation with FLAX (below 0.3), 58 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.38 | — | — | 53 | Inverse Equities | FLAX vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.37 | — | — | 60 | Inverse Equities, Leveraged Equities | FLAX vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.36 | — | — | 65 | Derivative Income | FLAX vs WNTR | |
| Return Stacked Bonds & Futures Yield ETF | -0.23 | — | — | 51 | Multistrategy | FLAX vs RSBY | |
| ProShares UltraShort Yen | -0.20 | -0.15 | -0.14 | 75 | Leveraged Currency | FLAX vs YCS |
See all 2051 diversifiers for FLAX
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