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
1892 ETFs have low correlation with FLDB (below 0.3), 89 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.27 | — | — | 63 | Leveraged Currency | FLDB vs YCS | |
| United States Gasoline Fund LP | -0.24 | -0.14 | -0.14 | 55 | Oil & Gas | FLDB vs UGA | |
| First Trust Alternative Absolute Return Strategy E... | -0.20 | -0.09 | -0.09 | 75 | Commodities | FLDB vs FAAR | |
| PIMCO Commodity Strategy Active Exchange-Traded Fu... | -0.20 | -0.08 | -0.08 | 50 | Commodities | FLDB vs CMDT | |
| Bastion Energy ETF | -0.20 | -0.18 | -0.18 | 84 | Energy Equities | FLDB vs BESF |
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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. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.01, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.01 | 0.05 | 0.05 | 87 | Technology | |
| NVIDIA Corporation | 0.05 | 0.00 | 0.00 | 72 | Technology | |
| Intel Corporation | 0.08 | 0.02 | 0.02 | 99 | Technology | |
| Amazon.com, Inc | 0.10 | — | — | 54 | Consumer Cyclical | |
| Broadcom Inc. | 0.15 | 0.03 | 0.03 | 72 | Technology |
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