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
254 ETFs have low correlation with FLM (below 0.3), 66 of which are negatively correlated. The least correlated is Brookstone Ultra-Short Bond ETF (BAMU) (Ultrashort Bond) with a 1Y correlation of -0.51, roughly unchanged from -0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Brookstone Ultra-Short Bond ETF | -0.51 | -0.51 | -0.51 | 98 | Ultrashort Bond | FLM vs BAMU | |
| NYLI MacKay Muni Short Duration ETF | -0.41 | -0.41 | -0.41 | 82 | Municipal Bonds | FLM vs MMSD | |
| State Street My2027 Corporate Bond ETF | -0.41 | -0.41 | -0.41 | 98 | Corporate Bonds, Short-Term Bond | FLM vs MYCG | |
| Invesco S&P 500 Downside Hedged ETF | -0.41 | -0.41 | -0.41 | 65 | Equity Hedged, S&P 500 | FLM vs PHDG | |
| VanEck Commodity Strategy ETF | -0.41 | -0.41 | -0.41 | 57 | Commodities | FLM vs PIT |
See all 1880 diversifiers for FLM
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Diversification Analysis
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