Looking to diversify beyond FLEH? The ETFs below have the lowest correlation with FLEH — 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 FLEH.
Best Diversifiers for FLEH
326 ETFs have low correlation with FLEH (below 0.3), 73 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.43, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.43 | -0.12 | 0.02 | 71 | Oil & Gas | FLEH vs DBE | |
| United States Oil Fund LP | -0.40 | -0.11 | 0.01 | 66 | Oil & Gas | FLEH vs USO | |
| United States Brent Oil Fund LP | -0.40 | -0.11 | 0.01 | 65 | Oil & Gas | FLEH vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.39 | -0.14 | -0.14 | 56 | Derivative Income | FLEH vs USOY | |
| ProShares UltraShort Yen | -0.39 | -0.23 | -0.12 | 61 | Leveraged Currency | FLEH vs YCS |
See all 2107 diversifiers for FLEH
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