Looking to diversify beyond FLKR? The ETFs below have historically moved differently from FLKR, 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 FLKR
626 ETFs have low correlation with FLKR (below 0.3), 105 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.41, down from -0.30 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.41 | -0.30 | — | 51 | Cryptocurrency | FLKR vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.38 | — | — | 69 | Derivative Income | FLKR vs WNTR | |
| iShares U.S. Insurance ETF | -0.28 | -0.00 | 0.16 | 54 | Financials Equities | FLKR vs IAK | |
| ProShares UltraShort Yen | -0.18 | -0.16 | -0.17 | 59 | Leveraged Currency | FLKR vs YCS | |
| Texas Capital Government Money Market ETF | -0.17 | -0.09 | -0.09 | 100 | Money Market | FLKR vs MMKT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FLKR, 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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.31, down from 0.02 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.31 | -0.06 | 0.02 | 66 | Consumer Defensive | |
| The Coca-Cola Company | -0.24 | -0.03 | 0.07 | 87 | Consumer Defensive | |
| Berkshire Hathaway Inc. | -0.22 | 0.07 | 0.22 | 61 | Financial Services | |
| Verizon Communications Inc. | -0.22 | -0.02 | 0.01 | 66 | Communication Services | |
| Duke Energy Corporation | -0.20 | -0.05 | 0.01 | 52 | Utilities |
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