Looking to diversify beyond FLGV? The ETFs below have the lowest correlation with FLGV — 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 FLGV.
Best Diversifiers for FLGV
1588 ETFs have low correlation with FLGV (below 0.3), 57 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.46, roughly unchanged from -0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.46 | -0.48 | -0.51 | 61 | Leveraged Currency | FLGV vs YCS | |
| Fidelity Managed Futures ETF | -0.35 | — | — | 64 | Systematic Trend | FLGV vs FFUT | |
| VanEck Commodity Strategy ETF | -0.30 | -0.13 | — | 55 | Commodities | FLGV vs PIT | |
| First Trust Alternative Absolute Return Strategy E... | -0.29 | -0.12 | -0.11 | 70 | Commodities | FLGV vs FAAR | |
| First Trust Global Tactical Commodity Strategy Fun... | -0.26 | -0.11 | -0.09 | 53 | Commodities | FLGV vs FTGC |
See all 2068 diversifiers for FLGV
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