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
1727 ETFs have low correlation with FLMB (below 0.3), 104 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.29, down from -0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.29 | -0.16 | -0.11 | 57 | Oil & Gas | FLMB vs DBE | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.27 | -0.14 | -0.09 | 56 | Commodities | FLMB vs GSG | |
| ProShares UltraShort Yen | -0.26 | -0.34 | -0.36 | 72 | Leveraged Currency | FLMB vs YCS | |
| Invesco Optimum Yield Diversified Commodity Strate... | -0.26 | -0.11 | -0.07 | 60 | Commodities | FLMB vs PDBC | |
| DoubleLine Commodity Strategy ETF | -0.26 | -0.14 | -0.14 | 55 | Commodities | FLMB vs DCMT |
See all 2059 diversifiers for FLMB
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