Looking to diversify beyond FLGB? The ETFs below have the lowest correlation with FLGB — 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 FLGB.
Best Diversifiers for FLGB
270 ETFs have low correlation with FLGB (below 0.3), 33 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.51, roughly unchanged from -0.55 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.51 | -0.50 | -0.55 | 51 | Currency | FLGB vs UUP | |
| ProShares UltraShort Yen | -0.39 | -0.27 | -0.20 | 72 | Leveraged Currency | FLGB vs YCS | |
| ProShares Short Bitcoin ETF | -0.34 | -0.26 | -0.28 | 57 | Cryptocurrency | FLGB vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.33 | -0.29 | -0.29 | 52 | Cryptocurrency, Leveraged Cryptocurrency | FLGB vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.30 | — | — | 68 | Inverse Equities, Leveraged Equities | FLGB vs MSTZ |
See all 2046 diversifiers for FLGB
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements FLGB
Add FLGB to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FLGB