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
1966 ETFs have low correlation with FLDB (below 0.3), 143 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.29 | — | — | 72 | Leveraged Currency | FLDB vs YCS | |
| Invesco DB US Dollar Index Bullish Fund | -0.26 | — | — | 51 | Currency | FLDB vs UUP | |
| Bastion Energy ETF | -0.24 | -0.19 | -0.19 | 87 | Energy Equities | FLDB vs BESF | |
| United States Gasoline Fund LP | -0.24 | — | — | 78 | Oil & Gas | FLDB vs UGA | |
| USCF SummerHaven Dynamic Commodity Strategy No K-1... | -0.24 | -0.11 | -0.11 | 68 | 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. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.00, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.00 | -0.01 | -0.01 | 65 | Technology | |
| Apple Inc | 0.02 | 0.05 | 0.05 | 91 | Technology | |
| Intel Corporation | 0.06 | — | — | 98 | Technology | |
| Tesla, Inc. | 0.09 | 0.04 | 0.04 | 63 | Consumer Cyclical | |
| Amazon.com, Inc | 0.11 | — | — | 54 | Consumer Cyclical |
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