Looking to diversify beyond FLMB? The ETFs below have historically moved differently from FLMB, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FLMB
1971 ETFs have low correlation with FLMB (below 0.3), 116 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.33, down from -0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.33 | -0.17 | -0.12 | 66 | Oil & Gas | FLMB vs DBE | |
| Invesco DB Oil Fund | -0.32 | -0.18 | -0.13 | 51 | Oil & Gas | FLMB vs DBO | |
| MicroSectors Energy 3X Leveraged ETN | -0.31 | -0.12 | -0.13 | 55 | Leveraged Equities | FLMB vs WTIU | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.31 | -0.15 | -0.09 | 61 | Commodities | FLMB vs GSG | |
| First Trust Nasdaq Oil & Gas ETF | -0.30 | -0.12 | -0.09 | 59 | Energy Equities | FLMB vs FTXN |
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