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
239 ETFs have low correlation with FLGB (below 0.3), 29 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.41, down from -0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.41 | -0.27 | -0.19 | 63 | Leveraged Currency | FLGB vs YCS | |
| United States Gasoline Fund LP | -0.24 | -0.02 | 0.13 | 55 | Oil & Gas | FLGB vs UGA | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.21 | — | — | 97 | Inflation-Protected Bonds | FLGB vs RBIL | |
| TCW AAA CLO ETF | -0.18 | — | — | 99 | CLO | FLGB vs ACLO | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.16 | — | — | 98 | Inflation-Protected Bonds | FLGB vs IBIC |
See all 1978 diversifiers for FLGB
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