Looking to diversify beyond FLEH? The ETFs below have historically moved differently from FLEH, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FLEH
293 ETFs have low correlation with FLEH (below 0.3), 83 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.38, roughly unchanged from -0.31 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.38 | -0.31 | — | 51 | Cryptocurrency | FLEH vs BITI | |
| Invesco DB Energy Fund | -0.37 | -0.13 | 0.01 | 66 | Oil & Gas | FLEH vs DBE | |
| ProShares UltraShort Yen | -0.36 | -0.24 | -0.13 | 59 | Leveraged Currency | FLEH vs YCS | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.35 | -0.36 | -0.36 | 69 | Derivative Income | FLEH vs WNTR | |
| United States Gasoline Fund, LP | -0.33 | -0.12 | 0.01 | 83 | Oil & Gas | FLEH vs UGA |
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