Looking to diversify beyond FLKR? The ETFs below have the lowest correlation with FLKR — 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 FLKR.
Best Diversifiers for FLKR
518 ETFs have low correlation with FLKR (below 0.3), 69 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.38, roughly unchanged from -0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.38 | -0.29 | -0.32 | 57 | Cryptocurrency | FLKR vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.38 | -0.33 | -0.33 | 52 | Cryptocurrency, Leveraged Cryptocurrency | FLKR vs SBIT | |
| Defiance Daily Target 2X Short MSTR ETF | -0.36 | — | — | 60 | Inverse Equities | FLKR vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.36 | — | — | 68 | Inverse Equities, Leveraged Equities | FLKR vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.35 | — | — | 70 | Derivative Income | FLKR vs WNTR |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FLKR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FLKR and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.35, down from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.35 | -0.08 | 0.02 | 53 | Industrials | |
| Altria Group, Inc. | -0.24 | -0.05 | 0.04 | 81 | Consumer Defensive | |
| Duke Energy Corporation | -0.22 | -0.06 | 0.02 | 66 | Utilities | |
| Berkshire Hathaway Inc. | -0.19 | 0.09 | 0.22 | 53 | Financial Services | |
| Berkshire Hathaway Inc. | -0.18 | 0.08 | 0.23 | 53 | Financial Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FLKR
Add FLKR to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FLKR