Looking to diversify beyond FLHY? The ETFs below have the lowest correlation with FLHY — 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 FLHY.
Best Diversifiers for FLHY
244 ETFs have low correlation with FLHY (below 0.3), 82 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.37, down from -0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.37 | -0.27 | -0.23 | 63 | Leveraged Currency | FLHY vs YCS | |
| Invesco DB Energy Fund | -0.32 | -0.07 | 0.06 | 71 | Oil & Gas | FLHY vs DBE | |
| United States Oil Fund LP | -0.31 | -0.07 | 0.05 | 66 | Oil & Gas | FLHY vs USO | |
| United States Brent Oil Fund LP | -0.31 | -0.07 | 0.05 | 65 | Oil & Gas | FLHY vs BNO | |
| United States Gasoline Fund LP | -0.29 | -0.06 | 0.05 | 71 | Oil & Gas | FLHY vs UGA |
See all 2189 diversifiers for FLHY
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