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
1803 ETFs have low correlation with FLMB (below 0.3), 114 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 | -0.35 | -0.36 | 61 | Leveraged Currency | FLMB vs YCS | |
| Invesco DB Energy Fund | -0.27 | -0.15 | -0.11 | 71 | Oil & Gas | FLMB vs DBE | |
| Invesco DB Oil Fund | -0.27 | -0.16 | -0.12 | 65 | Oil & Gas | FLMB vs DBO | |
| United States Oil Fund LP | -0.26 | -0.17 | -0.12 | 66 | Oil & Gas | FLMB vs USO | |
| United States Brent Oil Fund LP | -0.26 | -0.16 | -0.12 | 65 | Oil & Gas | FLMB vs BNO |
See all 2105 diversifiers for FLMB
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