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
220 ETFs have low correlation with FLHY (below 0.3), 84 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.43, roughly unchanged from -0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.43 | -0.37 | -0.39 | 51 | Currency | FLHY vs UUP | |
| ProShares Short Bitcoin ETF | -0.38 | -0.27 | -0.29 | 57 | Cryptocurrency | FLHY vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.38 | -0.32 | -0.32 | 52 | Cryptocurrency, Leveraged Cryptocurrency | FLHY vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.37 | -0.38 | -0.38 | 68 | Inverse Equities, Leveraged Equities | FLHY vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.37 | -0.38 | -0.38 | 60 | Inverse Equities | FLHY vs SMST |
See all 2045 diversifiers for FLHY
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