Looking to diversify beyond FLBL? The ETFs below have the lowest correlation with FLBL — 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 FLBL.
Best Diversifiers for FLBL
1148 ETFs have low correlation with FLBL (below 0.3), 107 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.31, roughly unchanged from -0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.31 | -0.20 | -0.22 | 53 | Cryptocurrency | FLBL vs BITI | |
| Defiance Daily Target 2X Short MSTR ETF | -0.30 | -0.25 | -0.25 | 56 | Inverse Equities | FLBL vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.30 | -0.26 | -0.26 | 65 | Inverse Equities, Leveraged Equities | FLBL vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.28 | — | — | 70 | Derivative Income | FLBL vs WNTR | |
| Brookstone Ultra-Short Bond ETF | -0.20 | -0.06 | -0.06 | 99 | Ultrashort Bond | FLBL vs BAMU |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FLBL, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FLBL and solid risk/return profiles. The least correlated is Realty Income Corporation (O) (Real Estate) with a 1Y correlation of -0.11, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Realty Income Corporation | -0.11 | 0.02 | 0.15 | 69 | Real Estate | |
| DNP Select Income Fund Inc. | 0.04 | 0.16 | 0.23 | 94 | Financial Services | |
| Reaves Utility Income Trust | 0.07 | 0.17 | 0.26 | 74 | Financial Services | |
| Cohen & Steers Infrastructure Fund, Inc | 0.12 | 0.17 | 0.27 | 73 | Financial Services | |
| Trinity Capital Inc. | 0.17 | 0.21 | 0.19 | 90 | Financial Services |
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