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
1776 ETFs have low correlation with FLMI (below 0.3), 113 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 -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.33 | -0.13 | -0.08 | 71 | Oil & Gas | FLMI vs DBE | |
| Invesco DB Oil Fund | -0.32 | -0.12 | -0.09 | 65 | Oil & Gas | FLMI vs DBO | |
| United States Brent Oil Fund LP | -0.30 | -0.13 | -0.09 | 65 | Oil & Gas | FLMI vs BNO | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.30 | -0.12 | -0.08 | 55 | Oil & Gas | FLMI vs OILK | |
| ProShares Ultra Bloomberg Crude Oil | -0.30 | -0.11 | -0.08 | 54 | Leveraged Commodities | FLMI vs UCO |
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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 D-Wave Quantum Inc (QBTS) (Technology) with a 1Y correlation of -0.03, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| D-Wave Quantum Inc | -0.03 | 0.02 | 0.02 | 59 | Technology | |
| NVIDIA Corporation | -0.01 | 0.01 | 0.04 | 78 | Technology | |
| Quanta Services, Inc. | 0.04 | 0.05 | 0.03 | 93 | Industrials | |
| Micron Technology, Inc. | 0.04 | 0.06 | 0.06 | 99 | Technology | |
| Huntington Ingalls Industries, Inc | 0.05 | 0.08 | 0.05 | 62 | Industrials |
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