Looking to diversify beyond FLN? The ETFs below have the lowest correlation with FLN — 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 FLN.
Best Diversifiers for FLN
468 ETFs have low correlation with FLN (below 0.3), 56 of which are negatively correlated. The least correlated is Invesco DB US Dollar Index Bullish Fund (UUP) (Currency) with a 1Y correlation of -0.44, roughly unchanged from -0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB US Dollar Index Bullish Fund | -0.44 | -0.36 | -0.36 | 51 | Currency | FLN vs UUP | |
| ProShares Short Bitcoin ETF | -0.33 | -0.25 | -0.24 | 57 | Cryptocurrency | FLN vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.33 | -0.27 | -0.27 | 52 | Cryptocurrency, Leveraged Cryptocurrency | FLN vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.28 | -0.26 | -0.26 | 68 | Inverse Equities, Leveraged Equities | FLN vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.26 | -0.27 | -0.27 | 60 | Inverse Equities | FLN vs SMST |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FLN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FLN and solid risk/return profiles. The least correlated is Banco BBVA Argentina S.A. (BBAR) (Financial Services) with a 1Y correlation of 0.44, roughly unchanged from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Banco BBVA Argentina S.A. | 0.44 | 0.36 | 0.42 | 65 | Financial Services |
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