Looking to diversify beyond FLIN? The ETFs below have the lowest correlation with FLIN — 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 FLIN.
Best Diversifiers for FLIN
712 ETFs have low correlation with FLIN (below 0.3), 95 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Oil Enhanced Options Income ETF | -0.33 | — | — | 56 | Derivative Income | FLIN vs USOY | |
| United States Oil Fund LP | -0.32 | -0.07 | 0.04 | 66 | Oil & Gas | FLIN vs USO | |
| United States Brent Oil Fund LP | -0.32 | -0.07 | 0.03 | 65 | Oil & Gas | FLIN vs BNO | |
| Invesco DB Energy Fund | -0.31 | -0.08 | 0.04 | 71 | Oil & Gas | FLIN vs DBE | |
| United States 12 Month Oil Fund LP | -0.30 | -0.06 | 0.05 | 56 | Oil & Gas | FLIN vs USL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FLIN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FLIN and solid risk/return profiles. The least correlated is ConocoPhillips Company (COP) (Energy) with a 1Y correlation of -0.14, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| ConocoPhillips Company | -0.14 | 0.03 | 0.13 | 76 | Energy | |
| Altria Group, Inc. | -0.11 | 0.05 | 0.12 | 69 | Consumer Defensive | |
| BP p.l.c. | -0.11 | 0.08 | 0.16 | 87 | Energy | |
| Exxon Mobil Corporation | -0.10 | 0.05 | 0.13 | 85 | Energy | |
| UnitedHealth Group Incorporated | -0.06 | -0.02 | 0.12 | 61 | Healthcare |
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