Looking to balance out your exposure to FLEX? The ETFs below have the lowest correlation with FLEX — they tend to move on their own, which can help reduce risk when FLEX drops. The stock ideas table highlights individual companies that behave independently from FLEX.
Best Diversifiers for FLEX
13 ETFs have low correlation with FLEX (below 0.3), 1 of which are negatively correlated. The least correlated is Invesco BulletShares 2029 Municipal Bond ETF (BSMT) (Municipal Bonds) with a 1Y correlation of -0.01, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco BulletShares 2029 Municipal Bond ETF | -0.01 | 0.12 | 0.09 | 80 | Municipal Bonds | FLEX vs BSMT | |
| Invesco BulletShares 2028 Municipal Bond ETF | 0.03 | 0.13 | 0.08 | 83 | Municipal Bonds | FLEX vs BSMS | |
| Invesco BulletShares 2027 Municipal Bond ETF | 0.03 | 0.10 | 0.05 | 94 | Municipal Bonds | FLEX vs BSMR | |
| Invesco BulletShares 2030 Municipal Bond ETF | 0.05 | 0.08 | 0.06 | 72 | Municipal Bonds | FLEX vs BSMU | |
| iShares iBonds Dec 2027 Term Treasury ETF | 0.06 | 0.03 | -0.00 | 96 | Government Bonds | FLEX vs IBTH |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FLEX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FLEX and solid risk/return profiles. The least correlated is The Travelers Companies, Inc. (TRV) (Financial Services) with a 1Y correlation of -0.17, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Travelers Companies, Inc. | -0.17 | -0.00 | 0.15 | 51 | Financial Services | |
| Murphy USA Inc. | -0.12 | 0.02 | 0.12 | 62 | Consumer Cyclical | |
| Eli Lilly and Company | -0.04 | 0.13 | 0.13 | 72 | Healthcare | |
| Walmart Inc. | -0.03 | 0.07 | 0.14 | 63 | Consumer Defensive | |
| Bristol-Myers Squibb Company | -0.01 | -0.01 | 0.06 | 63 | Healthcare |
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Build a portfolio that complements FLEX
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