Looking to balance out your exposure to FLGT? The ETFs below have the lowest correlation with FLGT — they tend to move on their own, which can help reduce risk when FLGT drops. The stock ideas table highlights individual companies that behave independently from FLGT.
Best Diversifiers for FLGT
0 ETFs have low correlation with FLGT (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of 0.31, roughly unchanged from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | 0.31 | 0.30 | 0.37 | 70 | S&P 500 | FLGT vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FLGT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FLGT and solid risk/return profiles. The least correlated is Ventas, Inc. (VTR) (Real Estate) with a 1Y correlation of -0.00, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Ventas, Inc. | -0.00 | 0.11 | 0.16 | 80 | Real Estate | |
| Aehr Test Systems | 0.21 | 0.24 | 0.29 | 98 | Technology | |
| Tesla, Inc. | 0.23 | 0.22 | 0.30 | 55 | Consumer Cyclical | |
| Lattice Semiconductor Corporation | 0.25 | 0.27 | 0.36 | 97 | Technology | |
| XPEL, Inc. | 0.25 | 0.28 | 0.31 | 56 | Consumer Cyclical |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FLGT
Add FLGT to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FLGT