Looking to balance out your exposure to FLGZY? The ETFs below have the lowest correlation with FLGZY — they tend to move on their own, which can help reduce risk when FLGZY drops. The stock ideas table highlights individual companies that behave independently from FLGZY.
Best Diversifiers for FLGZY
1 ETFs have low correlation with FLGZY (below 0.3), 1 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of -0.08, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | -0.08 | 0.01 | 0.06 | 70 | S&P 500 | FLGZY vs VOO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FLGZY, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FLGZY and solid risk/return profiles. The least correlated is JSC National Atomic Company Kazatomprom (NATKY) (Energy) with a 1Y correlation of -0.10, roughly unchanged from -0.06 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| JSC National Atomic Company Kazatomprom | -0.10 | -0.06 | — | 89 | Energy | |
| Telstra Corporation Limited | -0.06 | 0.00 | — | 78 | Communication Services | |
| Smithfield Foods, Inc | -0.05 | — | — | 57 | Consumer Defensive | |
| Gaztransport & Technigaz SA | -0.04 | -0.01 | 0.00 | 77 | Energy | |
| Accelleron Industries AG ADR | -0.03 | -0.01 | 0.01 | 87 | Industrials |
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