Looking to diversify beyond FLCO? The ETFs below have historically moved differently from FLCO, 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 FLCO
492 ETFs have low correlation with FLCO (below 0.3), 111 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.46, down from -0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.46 | -0.24 | -0.13 | 72 | Oil & Gas | FLCO vs DBE | |
| United States Brent Oil Fund LP | -0.45 | -0.23 | -0.14 | 52 | Oil & Gas | FLCO vs BNO | |
| United States Oil Fund LP | -0.44 | -0.24 | -0.14 | 55 | Oil & Gas | FLCO vs USO | |
| Invesco DB Oil Fund | -0.44 | -0.23 | -0.13 | 58 | Oil & Gas | FLCO vs DBO | |
| ProShares UltraShort Yen | -0.42 | -0.44 | -0.45 | 56 | Leveraged Currency | FLCO vs YCS |
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