Looking to diversify beyond FLEU? The ETFs below have the lowest correlation with FLEU — 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 FLEU.
Best Diversifiers for FLEU
251 ETFs have low correlation with FLEU (below 0.3), 44 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 | FLEU vs YCS | |
| United States Gasoline Fund LP | -0.35 | -0.10 | 0.02 | 55 | Oil & Gas | FLEU vs UGA | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.23 | — | — | 98 | Inflation-Protected Bonds | FLEU vs IBIC | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.22 | — | — | 97 | Inflation-Protected Bonds | FLEU vs RBIL | |
| VanEck Commodity Strategy ETF | -0.15 | 0.06 | — | 57 | Commodities | FLEU vs PIT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FLEU, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FLEU and solid risk/return profiles. The least correlated is Fortis Inc (FTS) (Utilities) with a 1Y correlation of 0.05, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Fortis Inc | 0.05 | 0.25 | 0.28 | 85 | Utilities |
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