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
1624 ETFs have low correlation with FLDR (below 0.3), 55 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.30, roughly unchanged from -0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.30 | -0.33 | -0.31 | 73 | Leveraged Currency | FLDR vs YCS | |
| United States Gasoline Fund LP | -0.19 | -0.14 | -0.10 | 60 | Oil & Gas | FLDR vs UGA | |
| Fidelity Managed Futures ETF | -0.13 | — | — | 60 | Systematic Trend | FLDR vs FFUT | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.13 | 0.03 | 0.10 | 100 | Government Bonds, Ultrashort Bond | FLDR vs BIL | |
| TCW AAA CLO ETF | -0.13 | — | — | 99 | CLO | FLDR vs ACLO |
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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 Plains All American Pipeline, L.P. (PAA) (Energy) with a 1Y correlation of -0.13, roughly unchanged from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Plains All American Pipeline, L.P. | -0.13 | -0.03 | -0.03 | 79 | Energy | |
| NVIDIA Corporation | 0.03 | 0.01 | 0.03 | 70 | Technology | |
| Amazon.com, Inc | 0.06 | 0.06 | 0.08 | 52 | Consumer Cyclical | |
| Micron Technology, Inc. | 0.06 | 0.02 | 0.01 | 99 | Technology | |
| Intel Corporation | 0.07 | 0.04 | 0.04 | 99 | Technology |
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