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
330 ETFs have low correlation with FLEU (below 0.3), 78 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.41, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.41 | -0.11 | 0.02 | 71 | Oil & Gas | FLEU vs DBE | |
| United States Brent Oil Fund LP | -0.41 | -0.11 | 0.01 | 65 | Oil & Gas | FLEU vs BNO | |
| United States Oil Fund LP | -0.40 | -0.11 | 0.01 | 66 | Oil & Gas | FLEU vs USO | |
| ProShares UltraShort Yen | -0.40 | -0.23 | -0.12 | 63 | Leveraged Currency | FLEU vs YCS | |
| Defiance Oil Enhanced Options Income ETF | -0.38 | -0.14 | -0.14 | 56 | Derivative Income | FLEU vs USOY |
To view more results, upgrade your current subscription plan.
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 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Fortis Inc | 0.05 | 0.26 | 0.29 | 75 | Utilities |
Build a portfolio that complements FLEU
Add FLEU to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FLEU