Looking to balance out your exposure to FLNC? The ETFs below have historically moved differently from FLNC, 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 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 0.46, roughly unchanged from 0.36 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Developed Markets ex-US AlphaDEX Fund | 0.46 | 0.36 | — | 64 | Foreign Large Cap Equities | FLNC vs FDT | |
| Vanguard S&P 500 ETF | 0.49 | 0.42 | — | 72 | S&P 500 | FLNC vs VOO | |
| State Street SPDR S&P 500 ETF | 0.50 | 0.43 | — | 72 | S&P 500 | FLNC vs SPY | |
| Invesco QQQ ETF | 0.53 | 0.42 | — | 55 | Nasdaq-100 | FLNC vs QQQ | |
| iShares Russell 2000 ETF | 0.55 | 0.52 | — | 79 | Small Cap Blend Equities | FLNC vs IWM |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FLNC, 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 Consolidated Edison, Inc. (ED) (Utilities) with a 1Y correlation of -0.27, down from -0.11 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Consolidated Edison, Inc. | -0.27 | -0.11 | — | 53 | Utilities | |
| Clear Secure, Inc. | -0.02 | 0.15 | 0.27 | 87 | Technology | |
| Praxis Precision Medicines, Inc. | 0.01 | 0.12 | — | 98 | Healthcare | |
| Petróleo Brasileiro S.A. - Petrobras | 0.01 | 0.16 | 0.16 | 82 | Energy | |
| Lockheed Martin Corporation | 0.04 | 0.02 | 0.06 | 79 | Industrials |
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