Looking to balance out your exposure to FLNC? The ETFs below have the lowest correlation with FLNC — they tend to move on their own, which can help reduce risk when FLNC drops. The stock ideas table highlights individual companies that behave independently from FLNC.
Best Diversifiers for FLNC
0 ETFs have low correlation with FLNC (below 0.3), 0 of which are negatively correlated. The least correlated is First Trust Developed Markets ex-US AlphaDEX Fund (FDT) (Foreign Large Cap Equities) with a 1Y correlation of 0.34, roughly unchanged from 0.34 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Developed Markets ex-US AlphaDEX Fund | 0.34 | 0.34 | — | 84 | Foreign Large Cap Equities | FLNC vs FDT | |
| Vanguard S&P 500 ETF | 0.38 | 0.40 | 0.45 | 74 | S&P 500 | FLNC vs VOO | |
| State Street SPDR S&P 500 ETF | 0.39 | 0.41 | — | 74 | S&P 500 | FLNC vs SPY | |
| iShares Russell 2000 ETF | 0.45 | 0.51 | — | 68 | Small Cap Blend Equities | FLNC vs IWM | |
| Invesco Solar ETF | 0.55 | 0.62 | — | 86 | Alternative Energy Equities | FLNC vs TAN |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FLNC, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FLNC and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.09, roughly unchanged from -0.05 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.09 | -0.05 | — | 57 | Utilities | |
| Clear Secure, Inc. | -0.04 | 0.17 | 0.28 | 89 | Technology | |
| Praxis Precision Medicines, Inc. | -0.01 | 0.12 | — | 98 | Healthcare | |
| Petróleo Brasileiro S.A. - Petrobras | 0.04 | 0.16 | 0.17 | 88 | Energy | |
| Celcuity Inc. | 0.04 | 0.14 | — | 99 | Healthcare |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FLNC
Add FLNC to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FLNC