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
1729 ETFs have low correlation with FLDR (below 0.3), 84 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.27, roughly unchanged from -0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.27 | -0.33 | -0.31 | 72 | Leveraged Currency | FLDR vs YCS | |
| Invesco DB Energy Fund | -0.21 | -0.15 | -0.11 | 57 | Oil & Gas | FLDR vs DBE | |
| United States Gasoline Fund LP | -0.18 | -0.15 | -0.10 | 82 | Oil & Gas | FLDR vs UGA | |
| Fidelity MSCI Energy Index ETF | -0.17 | -0.09 | -0.08 | 55 | Energy Equities | FLDR vs FENY | |
| State Street Energy Select Sector SPDR ETF | -0.17 | -0.10 | -0.08 | 54 | Energy Equities | FLDR vs XLE |
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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 -0.16, down from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Plains All American Pipeline, L.P. | -0.16 | -0.04 | -0.04 | 87 | Energy | |
| NVIDIA Corporation | 0.03 | 0.00 | 0.03 | 70 | Technology | |
| Amazon.com, Inc | 0.07 | 0.06 | 0.08 | 54 | Consumer Cyclical | |
| Intel Corporation | 0.08 | 0.03 | 0.04 | 98 | Technology | |
| Micron Technology, Inc. | 0.09 | 0.02 | 0.01 | 99 | Technology |
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