Looking to diversify beyond FLBL? The ETFs below have historically moved differently from FLBL, 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 FLBL
1477 ETFs have low correlation with FLBL (below 0.3), 101 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.29, roughly unchanged from -0.19 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.29 | -0.19 | — | 51 | Cryptocurrency | FLBL vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.26 | — | — | 69 | Derivative Income | FLBL vs WNTR | |
| Brookstone Ultra-Short Bond ETF | -0.20 | — | — | 99 | Ultrashort Bond | FLBL vs BAMU | |
| Calvert Ultra-Short Investment Grade ETF | -0.14 | 0.01 | — | 99 | Ultrashort Bond, Investment Grade Bonds | FLBL vs CVSB | |
| Texas Capital Government Money Market ETF | -0.13 | — | — | 100 | Money Market | FLBL vs MMKT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FLBL, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Realty Income Corporation (O) (Real Estate) with a 1Y correlation of -0.09, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Realty Income Corporation | -0.09 | 0.02 | 0.15 | 74 | Real Estate | |
| DNP Select Income Fund Inc. | 0.02 | 0.15 | 0.23 | 90 | Financial Services | |
| Reaves Utility Income Trust | 0.06 | 0.15 | 0.26 | 55 | Financial Services | |
| Cohen & Steers Infrastructure Fund, Inc | 0.12 | 0.17 | 0.26 | 72 | Financial Services | |
| Strategy Inc Variable Rate Series A Perpetual Stre... | 0.15 | 0.15 | 0.15 | 62 | Technology |
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