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
11 ETFs have low correlation with FLEX (below 0.3), 1 of which are negatively correlated. The least correlated is SPDR Bloomberg 1-3 Month T-Bill ETF (BIL) (Government Bonds) with a 1Y correlation of -0.04, roughly unchanged from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.04 | -0.02 | -0.00 | 100 | Government Bonds, Ultrashort Bond | FLEX vs BIL | |
| Invesco BulletShares 2028 Municipal Bond ETF | 0.04 | 0.12 | 0.07 | 83 | Municipal Bonds | FLEX vs BSMS | |
| Invesco BulletShares 2029 Municipal Bond ETF | 0.05 | 0.12 | 0.09 | 79 | Municipal Bonds | FLEX vs BSMT | |
| iShares iBonds Dec 2027 Term Treasury ETF | 0.05 | 0.02 | -0.01 | 97 | Government Bonds | FLEX vs IBTH | |
| Invesco BulletShares 2027 Municipal Bond ETF | 0.07 | 0.11 | 0.05 | 94 | Municipal Bonds | FLEX vs BSMR |
To view more results, upgrade your current subscription plan.
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 -0.19, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Travelers Companies, Inc. | -0.19 | -0.01 | 0.14 | 74 | Financial Services | |
| The J. M. Smucker Company | -0.14 | -0.09 | -0.04 | 61 | Consumer Defensive | |
| Murphy USA Inc. | -0.14 | 0.02 | 0.12 | 66 | Consumer Cyclical | |
| Walmart Inc. | -0.06 | 0.06 | 0.13 | 69 | Consumer Defensive | |
| Coca-Cola European Partners plc | -0.03 | 0.08 | 0.23 | 50 | Consumer Defensive |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FLEX
Add FLEX to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FLEX