Looking to diversify beyond FLMI? The ETFs below have the lowest correlation with FLMI — 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 FLMI.
Best Diversifiers for FLMI
1554 ETFs have low correlation with FLMI (below 0.3), 66 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.30, roughly unchanged from -0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.30 | -0.27 | -0.31 | 63 | Leveraged Currency | FLMI vs YCS | |
| United States Gasoline Fund LP | -0.29 | -0.09 | -0.06 | 55 | Oil & Gas | FLMI vs UGA | |
| Bastion Energy ETF | -0.28 | — | — | 84 | Energy Equities | FLMI vs BESF | |
| First Trust Alternative Absolute Return Strategy E... | -0.22 | -0.06 | -0.05 | 75 | Commodities | FLMI vs FAAR | |
| VanEck Commodity Strategy ETF | -0.22 | -0.05 | — | 57 | Commodities | FLMI vs PIT |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FLMI, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FLMI and solid risk/return profiles. The least correlated is NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of 0.03, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 0.03 | 0.01 | 0.04 | 72 | Technology | |
| D-Wave Quantum Inc | 0.05 | 0.02 | 0.02 | 64 | Technology | |
| Huntington Ingalls Industries, Inc | 0.06 | 0.09 | 0.05 | 58 | Industrials | |
| Micron Technology, Inc. | 0.07 | 0.08 | 0.07 | 99 | Technology | |
| Quanta Services, Inc. | 0.07 | 0.06 | 0.03 | 92 | Industrials |
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