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
414 ETFs have low correlation with FLMX (below 0.3), 32 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.29, down from -0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.29 | -0.15 | -0.13 | 63 | Leveraged Currency | FLMX vs YCS | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.27 | — | — | 98 | Inflation-Protected Bonds | FLMX vs IBIC | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.25 | — | — | 97 | Inflation-Protected Bonds | FLMX vs RBIL | |
| iShares iBonds Oct 2027 Term TIPS ETF | -0.19 | — | — | 95 | Inflation-Protected Bonds | FLMX vs IBID | |
| United States Gasoline Fund LP | -0.17 | 0.03 | 0.11 | 55 | Oil & Gas | FLMX vs UGA |
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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 CRISPR Therapeutics AG (CRSP) (Healthcare) with a 1Y correlation of 0.19, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CRISPR Therapeutics AG | 0.19 | 0.23 | 0.26 | 52 | Healthcare | |
| Nebius Group N.V. | 0.23 | 0.27 | 0.27 | 96 | Communication Services | |
| NVIDIA Corporation | 0.24 | 0.27 | 0.33 | 72 | Technology | |
| First Solar, Inc. | 0.24 | 0.30 | 0.30 | 76 | Technology | |
| AST SpaceMobile, Inc. | 0.27 | 0.23 | 0.24 | 60 | Technology |
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