Looking to diversify beyond FLMX? The ETFs below have the lowest correlation with FLMX — 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 FLMX.
Best Diversifiers for FLMX
498 ETFs have low correlation with FLMX (below 0.3), 47 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.45, roughly unchanged from -0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.45 | -0.37 | -0.39 | 51 | Currency | FLMX vs UUP | |
| ProShares Short Bitcoin ETF | -0.30 | -0.25 | -0.26 | 57 | Cryptocurrency | FLMX vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.30 | -0.27 | -0.27 | 52 | Cryptocurrency, Leveraged Cryptocurrency | FLMX vs SBIT | |
| ProShares UltraShort Yen | -0.27 | -0.15 | -0.13 | 72 | Leveraged Currency | FLMX vs YCS | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.27 | -0.29 | -0.29 | 68 | Inverse Equities, Leveraged Equities | FLMX vs MSTZ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FLMX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FLMX and solid risk/return profiles. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.04, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.04 | 0.17 | 0.30 | 53 | Financial Services | |
| NextEra Energy, Inc. | 0.16 | 0.20 | 0.25 | 73 | Utilities | |
| Nebius Group N.V. | 0.22 | — | — | 96 | Communication Services | |
| NVIDIA Corporation | 0.23 | 0.24 | 0.30 | 65 | Technology | |
| First Solar, Inc. | 0.23 | 0.29 | 0.30 | 66 | Technology |
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