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
462 ETFs have low correlation with FLKR (below 0.3), 62 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.28, roughly unchanged from -0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.28 | -0.18 | -0.18 | 63 | Leveraged Currency | FLKR vs YCS | |
| United States Oil Fund LP | -0.26 | -0.03 | 0.07 | 66 | Oil & Gas | FLKR vs USO | |
| Invesco DB Energy Fund | -0.23 | -0.03 | 0.09 | 71 | Oil & Gas | FLKR vs DBE | |
| Defiance Oil Enhanced Options Income ETF | -0.23 | -0.03 | -0.03 | 56 | Derivative Income | FLKR vs USOY | |
| United States Brent Oil Fund LP | -0.22 | -0.01 | 0.08 | 65 | Oil & Gas | FLKR vs BNO |
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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 Altria Group, Inc. (MO) (Consumer Defensive) with a 1Y correlation of -0.16, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Altria Group, Inc. | -0.16 | -0.01 | 0.06 | 67 | Consumer Defensive | |
| CF Industries Holdings, Inc. | -0.16 | 0.08 | 0.12 | 58 | Basic Materials | |
| Duke Energy Corporation | -0.12 | -0.02 | 0.03 | 52 | Utilities | |
| The Coca-Cola Company | -0.11 | 0.03 | 0.10 | 63 | Consumer Defensive | |
| PepsiCo, Inc. | -0.11 | 0.00 | 0.07 | 57 | Consumer Defensive |
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