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
1533 ETFs have low correlation with FLGV (below 0.3), 86 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.45, roughly unchanged from -0.50 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.45 | -0.48 | -0.50 | 75 | Leveraged Currency | FLGV vs YCS | |
| United States Gasoline Fund LP | -0.43 | -0.23 | -0.16 | 72 | Oil & Gas | FLGV vs UGA | |
| Fidelity Managed Futures ETF | -0.37 | — | — | 66 | Systematic Trend | FLGV vs FFUT | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.36 | -0.18 | -0.13 | 51 | Commodities | FLGV vs PDBC | |
| USCF SummerHaven Dynamic Commodity Strategy No K-1... | -0.33 | -0.13 | -0.09 | 65 | Commodities | FLGV vs SDCI |
See all 2051 diversifiers for FLGV
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