Looking to diversify beyond FLDB? The ETFs below have the lowest correlation with FLDB — 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 FLDB.
Best Diversifiers for FLDB
2173 ETFs have low correlation with FLDB (below 0.3), 159 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| United States Gasoline Fund LP | -0.24 | — | — | 71 | Oil & Gas | FLDB vs UGA | |
| PIMCO Commodity Strategy Active Exchange-Traded Fu... | -0.22 | — | — | 89 | Commodities | FLDB vs CMDT | |
| ProShares UltraShort Yen | -0.21 | -0.23 | -0.23 | 63 | Leveraged Currency | FLDB vs YCS | |
| United States 12 Month Oil Fund LP | -0.21 | -0.12 | -0.12 | 56 | Oil & Gas | FLDB vs USL | |
| USCF SummerHaven Dynamic Commodity Strategy No K-1... | -0.21 | — | — | 76 | Commodities | FLDB vs SDCI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FLDB, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FLDB and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | -0.05 | — | — | 90 | Technology | |
| NVIDIA Corporation | 0.00 | — | — | 82 | Technology | |
| Amazon.com, Inc | 0.05 | — | — | 63 | Consumer Cyclical | |
| Tesla, Inc. | 0.06 | 0.03 | 0.03 | 55 | Consumer Cyclical | |
| Intel Corporation | 0.07 | 0.02 | 0.02 | 98 | Technology |
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