Looking to diversify beyond FLLA? The ETFs below have the lowest correlation with FLLA — 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 FLLA.
Best Diversifiers for FLLA
395 ETFs have low correlation with FLLA (below 0.3), 37 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.30, down from -0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.30 | -0.18 | -0.14 | 75 | Leveraged Currency | FLLA vs YCS | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.29 | -0.28 | -0.28 | 60 | Inverse Equities, Leveraged Equities | FLLA vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.29 | -0.28 | -0.28 | 53 | Inverse Equities | FLLA vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.24 | -0.29 | -0.29 | 65 | Derivative Income | FLLA vs WNTR | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.21 | 0.06 | 0.06 | 98 | Inflation-Protected Bonds | FLLA vs IBIC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FLLA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FLLA and solid risk/return profiles. The least correlated is HCA Healthcare, Inc. (HCA) (Healthcare) with a 1Y correlation of 0.16, roughly unchanged from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| HCA Healthcare, Inc. | 0.16 | 0.20 | 0.22 | 52 | Healthcare | |
| Brookfield Renewable Corporation | 0.26 | 0.27 | 0.27 | 53 | Utilities | |
| Amazon.com, Inc | 0.27 | 0.27 | 0.27 | 55 | Consumer Cyclical |
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