Looking to diversify beyond FLMX? The ETFs below have historically moved differently from FLMX, 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 FLMX
536 ETFs have low correlation with FLMX (below 0.3), 62 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.32, roughly unchanged from -0.25 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.32 | -0.25 | — | 51 | Cryptocurrency | FLMX vs BITI | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.28 | — | — | 69 | Derivative Income | FLMX vs WNTR | |
| ProShares UltraShort Yen | -0.28 | -0.15 | -0.14 | 59 | Leveraged Currency | FLMX vs YCS | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.24 | -0.14 | -0.10 | 51 | Nontraditional Bonds | FLMX vs RISR | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.24 | 0.01 | 0.01 | 98 | Inflation-Protected Bonds | FLMX vs IBIC |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FLMX, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.03, down from 0.29 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.03 | 0.17 | 0.29 | 61 | Financial Services | |
| NextEra Energy, Inc. | 0.18 | 0.20 | 0.25 | 77 | Utilities | |
| Nebius Group N.V. | 0.24 | 0.27 | 0.27 | 94 | Communication Services | |
| NVIDIA Corporation | 0.25 | 0.24 | 0.30 | 61 | Technology | |
| First Solar, Inc. | 0.25 | 0.30 | 0.30 | 61 | Technology |
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