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
1546 ETFs have low correlation with FLMI (below 0.3), 98 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 -0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.33 | -0.14 | -0.09 | 57 | Oil & Gas | FLMI vs DBE | |
| United States Gasoline Fund LP | -0.31 | -0.10 | -0.06 | 82 | Oil & Gas | FLMI vs UGA | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.30 | -0.11 | -0.06 | 56 | Commodities | FLMI vs GSG | |
| ProShares UltraShort Yen | -0.30 | -0.28 | -0.31 | 72 | Leveraged Currency | FLMI vs YCS | |
| Invesco DB Commodity Index Tracking Fund | -0.29 | -0.09 | -0.04 | 59 | Commodities | FLMI vs DBC |
To view more results, upgrade your current subscription plan.
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 McKesson Corporation (MCK) (Healthcare) with a 1Y correlation of 0.02, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| McKesson Corporation | 0.02 | -0.00 | -0.02 | 58 | Healthcare | |
| NVIDIA Corporation | 0.02 | 0.01 | 0.04 | 70 | Technology | |
| D-Wave Quantum Inc | 0.05 | 0.02 | 0.02 | 55 | Technology | |
| Huntington Ingalls Industries, Inc | 0.05 | 0.09 | 0.05 | 53 | Industrials | |
| JPMorgan Chase & Co. | 0.07 | 0.03 | -0.01 | 71 | Financial Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FLMI
Add FLMI to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FLMI