Looking to diversify beyond FLGV? The ETFs below have historically moved differently from FLGV, 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 FLGV
1581 ETFs have low correlation with FLGV (below 0.3), 125 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.45, down from -0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.45 | -0.25 | -0.18 | 72 | Oil & Gas | FLGV vs DBE | |
| United States Gasoline Fund LP | -0.43 | -0.24 | -0.16 | 87 | Oil & Gas | FLGV vs UGA | |
| United States Brent Oil Fund LP | -0.42 | -0.24 | -0.18 | 52 | Oil & Gas | FLGV vs BNO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.41 | -0.21 | -0.14 | 67 | Commodities | FLGV vs GSG | |
| ProShares UltraShort Yen | -0.41 | -0.48 | -0.50 | 56 | Leveraged Currency | FLGV vs YCS |
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