Looking to diversify beyond FLDR? The ETFs below have the lowest correlation with FLDR — 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 FLDR.
Best Diversifiers for FLDR
1846 ETFs have low correlation with FLDR (below 0.3), 107 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.31, roughly unchanged from -0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.31 | -0.32 | -0.31 | 67 | Leveraged Currency | FLDR vs YCS | |
| Invesco DB Energy Fund | -0.23 | -0.13 | -0.11 | 71 | Oil & Gas | FLDR vs DBE | |
| Defiance Oil Enhanced Options Income ETF | -0.23 | — | — | 55 | Derivative Income | FLDR vs USOY | |
| Strive U.S. Energy ETF | -0.23 | -0.10 | — | 58 | Energy Equities | FLDR vs DRLL | |
| Invesco DB Oil Fund | -0.22 | -0.13 | -0.11 | 65 | Oil & Gas | FLDR vs DBO |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FLDR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FLDR and solid risk/return profiles. The least correlated is Amazon.com, Inc (AMZN) (Consumer Cyclical) with a 1Y correlation of 0.02, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Amazon.com, Inc | 0.02 | 0.07 | 0.09 | 62 | Consumer Cyclical | |
| NVIDIA Corporation | 0.03 | 0.01 | 0.03 | 80 | Technology | |
| Intel Corporation | 0.06 | 0.04 | 0.05 | 98 | Technology | |
| Tesla, Inc. | 0.06 | 0.09 | 0.05 | 58 | Consumer Cyclical | |
| Micron Technology, Inc. | 0.07 | 0.02 | 0.01 | 99 | Technology |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FLDR
Add FLDR to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FLDR