Looking to diversify beyond FLEU? The ETFs below have historically moved differently from FLEU, 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 FLEU
320 ETFs have low correlation with FLEU (below 0.3), 92 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.39, 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 | -0.39 | -0.31 | — | 61 | Cryptocurrency | FLEU vs BITI | |
| Invesco DB Energy Fund | -0.38 | -0.13 | 0.00 | 72 | Oil & Gas | FLEU vs DBE | |
| Proshares Ultrashort Bitcoin ETF | -0.38 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | FLEU vs SBIT | |
| ProShares UltraShort Yen | -0.37 | -0.24 | -0.13 | 56 | Leveraged Currency | FLEU vs YCS | |
| United States Brent Oil Fund LP | -0.36 | -0.13 | -0.01 | 52 | Oil & Gas | FLEU vs BNO |
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