Looking to diversify beyond FLCO? The ETFs below have the lowest correlation with FLCO — 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 FLCO.
Best Diversifiers for FLCO
418 ETFs have low correlation with FLCO (below 0.3), 45 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.48, roughly unchanged from -0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.48 | -0.43 | -0.45 | 61 | Leveraged Currency | FLCO vs YCS | |
| Fidelity Managed Futures ETF | -0.29 | — | — | 64 | Systematic Trend | FLCO vs FFUT | |
| VanEck Commodity Strategy ETF | -0.27 | -0.09 | — | 55 | Commodities | FLCO vs PIT | |
| First Trust Alternative Absolute Return Strategy E... | -0.25 | -0.10 | -0.10 | 70 | Commodities | FLCO vs FAAR | |
| SPDR Bloomberg Enhanced Roll Yield Commodity Strat... | -0.23 | -0.12 | -0.12 | 50 | Commodities | FLCO vs CERY |
See all 2068 diversifiers for FLCO
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