Looking to diversify beyond FLBR? The ETFs below have historically moved differently from FLBR, 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 FLBR
522 ETFs have low correlation with FLBR (below 0.3), 43 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.34, down from -0.21 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.34 | -0.21 | — | 51 | Cryptocurrency | FLBR vs BITI | |
| ProShares UltraShort Yen | -0.27 | -0.17 | -0.12 | 59 | Leveraged Currency | FLBR vs YCS | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.27 | -0.28 | -0.28 | 69 | Derivative Income | FLBR vs WNTR | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.22 | 0.06 | 0.06 | 98 | Inflation-Protected Bonds | FLBR vs IBIC | |
| iShares 0-3 Month Treasury Bond ETF | -0.19 | -0.09 | -0.06 | 100 | Ultrashort Bond | FLBR vs SGOV |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FLBR, 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 Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.02, down from 0.25 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.02 | 0.18 | 0.25 | 61 | Financial Services | |
| NextEra Energy, Inc. | 0.14 | 0.21 | 0.21 | 77 | Utilities | |
| First Solar, Inc. | 0.25 | 0.29 | 0.24 | 61 | Technology | |
| Alphabet Inc. Class A | 0.27 | 0.25 | 0.25 | 96 | Communication Services | |
| Rocket Lab USA, Inc. | 0.29 | 0.26 | 0.24 | 67 | Industrials |
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