Looking to diversify beyond FLJH? The ETFs below have the lowest correlation with FLJH — 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 FLJH.
Best Diversifiers for FLJH
487 ETFs have low correlation with FLJH (below 0.3), 96 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.29, down from -0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.29 | -0.16 | -0.19 | 53 | Cryptocurrency | FLJH vs BITI | |
| Return Stacked Bonds & Futures Yield ETF | -0.28 | — | — | 54 | Multistrategy | FLJH vs RSBY | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.26 | — | — | 70 | Derivative Income | FLJH vs WNTR | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.26 | — | — | 65 | Inverse Equities, Leveraged Equities | FLJH vs MSTZ | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.26 | — | — | 97 | Inflation-Protected Bonds | FLJH vs RBIL |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FLJH, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FLJH and solid risk/return profiles. The least correlated is AbbVie Inc. (ABBV) (Healthcare) with a 1Y correlation of -0.06, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AbbVie Inc. | -0.06 | 0.07 | 0.12 | 78 | Healthcare | |
| Western Midstream Partners, LP | -0.02 | 0.18 | 0.27 | 78 | Energy | |
| Walmart Inc. | 0.04 | 0.10 | 0.16 | 69 | Consumer Defensive | |
| Linde plc | 0.11 | 0.23 | 0.36 | 64 | Basic Materials | |
| Simon Property Group, Inc. | 0.13 | 0.25 | 0.36 | 92 | Real Estate |
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