Looking to diversify beyond FLIN? The ETFs below have historically moved differently from FLIN, 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 FLIN
589 ETFs have low correlation with FLIN (below 0.3), 104 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.41, down from 0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.41 | -0.14 | 0.00 | 66 | Oil & Gas | FLIN vs DBE | |
| Invesco DB Oil Fund | -0.37 | -0.11 | 0.01 | 51 | Oil & Gas | FLIN vs DBO | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.35 | -0.07 | 0.04 | 61 | Commodities | FLIN vs GSG | |
| United States Gasoline Fund, LP | -0.34 | -0.11 | 0.01 | 83 | Oil & Gas | FLIN vs UGA | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.33 | -0.07 | 0.04 | 56 | Commodities | FLIN vs COMT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FLIN, 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 Occidental Petroleum Corporation (OXY) (Energy) with a 1Y correlation of -0.28, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Occidental Petroleum Corporation | -0.28 | -0.03 | 0.10 | 68 | Energy | |
| Devon Energy Corporation | -0.22 | 0.03 | 0.15 | 78 | Energy | |
| ConocoPhillips Company | -0.20 | -0.02 | 0.10 | 73 | Energy | |
| Exxon Mobil Corporation | -0.19 | 0.00 | 0.10 | 85 | Energy | |
| Enterprise Products Partners L.P. | -0.19 | 0.03 | 0.16 | 89 | Energy |
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