Looking to diversify beyond FLM? The ETFs below have the lowest correlation with FLM — 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 FLM.
Best Diversifiers for FLM
1196 ETFs have low correlation with FLM (below 0.3), 137 of which are negatively correlated. The least correlated is USCF Midstream Energy Income Fund ETF (UMI) (Energy Equities) with a 1Y correlation of -0.34, roughly unchanged from -0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| USCF Midstream Energy Income Fund ETF | -0.34 | -0.34 | -0.34 | 81 | Energy Equities | FLM vs UMI | |
| Westwood Salient Enhanced Energy Income ETF | -0.32 | -0.32 | -0.32 | 53 | Energy Equities | FLM vs WEEI | |
| Global X MLP & Energy Infrastructure ETF | -0.30 | -0.30 | -0.30 | 72 | MLPs | FLM vs MLPX | |
| Fidelity MSCI Energy Index ETF | -0.29 | -0.29 | -0.29 | 51 | Energy Equities | FLM vs FENY | |
| iShares U.S. Energy ETF | -0.29 | -0.29 | -0.29 | 51 | Energy Equities | FLM vs IYE |
See all 1982 diversifiers for FLM
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