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
283 ETFs have low correlation with FLEH (below 0.3), 75 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.55, down from -0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.55 | -0.52 | -0.43 | 51 | Currency | FLEH vs UUP | |
| ProShares UltraShort Yen | -0.38 | -0.24 | -0.12 | 72 | Leveraged Currency | FLEH vs YCS | |
| Invesco DB Energy Fund | -0.37 | -0.12 | 0.02 | 53 | Oil & Gas | FLEH vs DBE | |
| ProShares Short Bitcoin ETF | -0.36 | -0.31 | -0.32 | 57 | Cryptocurrency | FLEH vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.35 | -0.34 | -0.34 | 52 | Cryptocurrency, Leveraged Cryptocurrency | FLEH vs SBIT |
See all 2039 diversifiers for FLEH
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