Looking to balance out your exposure to FLEX? The ETFs below have historically moved differently from FLEX, 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 FLEX
16 ETFs have low correlation with FLEX (below 0.3), 5 of which are negatively correlated. The least correlated is FolioBeyond Alternative Income and Interest Rate Hedge ETF (RISR) (Nontraditional Bonds) with a 1Y correlation of -0.17, roughly unchanged from -0.09 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| FolioBeyond Alternative Income and Interest Rate H... | -0.18 | -0.09 | — | 51 | Nontraditional Bonds | FLEX vs RISR | |
| WisdomTree Floating Rate Treasury Fund | -0.16 | -0.06 | -0.04 | 100 | Government Bonds, Ultrashort Bond | FLEX vs USFR | |
| Invesco S&P 500® High Dividend Low Volatility ETF | -0.10 | 0.10 | 0.27 | 55 | Dividend, S&P 500, Low Volatility | FLEX vs SPHD | |
| SPDR Bloomberg 1-3 Month T-Bill ETF | -0.10 | -0.04 | -0.01 | 100 | Government Bonds, Ultrashort Bond | FLEX vs BIL | |
| iShares U.S. Healthcare ETF | -0.02 | 0.16 | 0.28 | 65 | Health & Biotech Equities | FLEX vs IYH |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FLEX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is W. R. Berkley Corporation (WRB) (Financial Services) with a 1Y correlation of -0.32, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| W. R. Berkley Corporation | -0.32 | -0.09 | 0.11 | 53 | Financial Services | |
| The Travelers Companies, Inc. | -0.28 | -0.05 | 0.11 | 95 | Financial Services | |
| Verizon Communications Inc. | -0.27 | -0.15 | -0.01 | 66 | Communication Services | |
| The J. M. Smucker Company | -0.25 | -0.13 | -0.06 | 58 | Consumer Defensive | |
| Berkshire Hathaway Inc. | -0.19 | 0.06 | 0.26 | 61 | Financial Services |
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