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
182 ETFs have low correlation with FLHY (below 0.3), 46 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 | |
| United States Gasoline Fund LP | -0.28 | -0.06 | 0.04 | 55 | Oil & Gas | FLHY vs UGA | |
| iShares Enhanced Short-Term Bond Active ETF | -0.20 | — | — | 99 | Ultrashort Bond | FLHY vs CSHP | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.20 | — | — | 97 | Inflation-Protected Bonds | FLHY vs RBIL | |
| VanEck Commodity Strategy ETF | -0.16 | 0.03 | — | 57 | Commodities | FLHY vs PIT |
See all 1948 diversifiers for FLHY
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