Looking to diversify beyond FLJH? The ETFs below have historically moved differently from FLJH, 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 FLJH
522 ETFs have low correlation with FLJH (below 0.3), 106 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.32, down from -0.17 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.32 | -0.17 | — | 51 | Cryptocurrency | FLJH vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.28 | -0.30 | -0.30 | 69 | Derivative Income | FLJH vs WNTR | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.25 | — | — | 97 | Inflation-Protected Bonds | FLJH vs RBIL | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.23 | — | — | 96 | Inflation-Protected Bonds | FLJH vs IBID | |
| Invesco DB Energy Fund | -0.22 | -0.04 | 0.07 | 66 | Oil & Gas | FLJH vs DBE |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FLJH, 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 AbbVie Inc. (ABBV) (Healthcare) with a 1Y correlation of -0.09, down from 0.11 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AbbVie Inc. | -0.09 | 0.06 | 0.11 | 76 | Healthcare | |
| Western Midstream Partners, LP | -0.05 | 0.15 | 0.23 | 82 | Energy | |
| EPR Properties | 0.02 | 0.17 | 0.29 | 67 | Real Estate | |
| Walmart Inc. | 0.03 | 0.10 | 0.16 | 60 | Consumer Defensive | |
| Phillips Edison & Company, Inc. | 0.05 | 0.16 | 0.23 | 90 | Real Estate |
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