Looking to diversify beyond FLGB? The ETFs below have historically moved differently from FLGB, 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 FLGB
290 ETFs have low correlation with FLGB (below 0.3), 45 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.36, down from -0.20 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.36 | -0.27 | -0.20 | 59 | Leveraged Currency | FLGB vs YCS | |
| ProShares Short Bitcoin ETF | -0.34 | -0.26 | — | 51 | Cryptocurrency | FLGB vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.27 | -0.28 | -0.28 | 69 | Derivative Income | FLGB vs WNTR | |
| Invesco DB Energy Fund | -0.27 | -0.06 | 0.12 | 66 | Oil & Gas | FLGB vs DBE | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.23 | -0.15 | -0.08 | 51 | Nontraditional Bonds | FLGB vs RISR |
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