Looking to diversify beyond FLBR? The ETFs below have the lowest correlation with FLBR — 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 FLBR.
Best Diversifiers for FLBR
478 ETFs have low correlation with FLBR (below 0.3), 41 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.41, down from -0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.41 | -0.33 | -0.31 | 51 | Currency | FLBR vs UUP | |
| ProShares Short Bitcoin ETF | -0.30 | -0.21 | -0.20 | 57 | Cryptocurrency | FLBR vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.29 | -0.23 | -0.23 | 52 | Cryptocurrency, Leveraged Cryptocurrency | FLBR vs SBIT | |
| ProShares UltraShort Yen | -0.28 | -0.16 | -0.11 | 72 | Leveraged Currency | FLBR vs YCS | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.26 | — | — | 68 | Inverse Equities, Leveraged Equities | FLBR vs MSTZ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FLBR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FLBR and solid risk/return profiles. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.02, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.02 | 0.19 | 0.27 | 53 | Financial Services | |
| NextEra Energy, Inc. | 0.12 | 0.21 | 0.21 | 73 | Utilities | |
| First Solar, Inc. | 0.23 | 0.28 | 0.24 | 66 | Technology | |
| Alphabet Inc. Class A | 0.26 | 0.26 | 0.25 | 96 | Communication Services | |
| NVIDIA Corporation | 0.26 | 0.20 | 0.21 | 65 | Technology |
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