Looking to diversify beyond FLIA? The ETFs below have historically moved differently from FLIA, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FLIA
839 ETFs have low correlation with FLIA (below 0.3), 117 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.47, down from -0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.47 | -0.24 | -0.14 | 72 | Oil & Gas | FLIA vs DBE | |
| Invesco DB Oil Fund | -0.47 | -0.22 | -0.14 | 58 | Oil & Gas | FLIA vs DBO | |
| United States Oil Fund LP | -0.47 | -0.23 | -0.14 | 55 | Oil & Gas | FLIA vs USO | |
| United States Brent Oil Fund LP | -0.46 | -0.23 | -0.14 | 52 | Oil & Gas | FLIA vs BNO | |
| ProShares UltraShort Yen | -0.42 | -0.35 | -0.36 | 56 | Leveraged Currency | FLIA vs YCS |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FLIA, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.15, roughly unchanged from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.15 | 0.14 | 0.13 | 89 | Technology | |
| Amazon.com, Inc | 0.28 | 0.17 | 0.15 | 60 | Consumer Cyclical |
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