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
250 ETFs have low correlation with FLEH (below 0.3), 43 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.40, down from -0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.40 | -0.24 | -0.12 | 63 | Leveraged Currency | FLEH vs YCS | |
| United States Gasoline Fund LP | -0.36 | -0.11 | 0.01 | 55 | Oil & Gas | FLEH vs UGA | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.24 | — | — | 97 | Inflation-Protected Bonds | FLEH vs RBIL | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.23 | — | — | 98 | Inflation-Protected Bonds | FLEH vs IBIC | |
| VanEck Commodity Strategy ETF | -0.15 | 0.06 | — | 57 | Commodities | FLEH vs PIT |
See all 1943 diversifiers for FLEH
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