Looking to diversify beyond FLMB? The ETFs below have the lowest correlation with FLMB — 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 FLMB.
Best Diversifiers for FLMB
1652 ETFs have low correlation with FLMB (below 0.3), 64 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 -0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.28 | -0.34 | -0.36 | 63 | Leveraged Currency | FLMB vs YCS | |
| United States Gasoline Fund LP | -0.25 | -0.12 | -0.09 | 55 | Oil & Gas | FLMB vs UGA | |
| VanEck Commodity Strategy ETF | -0.21 | -0.08 | — | 57 | Commodities | FLMB vs PIT | |
| First Trust Alternative Absolute Return Strategy E... | -0.21 | -0.10 | -0.08 | 75 | Commodities | FLMB vs FAAR | |
| Bastion Energy ETF | -0.21 | — | — | 84 | Energy Equities | FLMB vs BESF |
See all 1942 diversifiers for FLMB
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements FLMB
Add FLMB to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FLMB