Looking to balance out your exposure to FLNG? The ETFs below have historically moved differently from FLNG, 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 FLNG
13 ETFs have low correlation with FLNG (below 0.3), 4 of which are negatively correlated. The least correlated is State Street SPDR S&P 500 ETF (SPY) (S&P 500) with a 1Y correlation of -0.07, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | -0.07 | 0.12 | 0.22 | 71 | S&P 500 | FLNG vs SPY | |
| Vanguard S&P 500 ETF | -0.05 | 0.12 | 0.22 | 72 | S&P 500 | FLNG vs VOO | |
| SPDR S&P Biotech ETF | -0.03 | 0.10 | 0.12 | 93 | Health & Biotech Equities | FLNG vs XBI | |
| iShares iBonds 2030 Term High Yield and Income ETF | -0.01 | 0.12 | — | 62 | High Yield Bonds | FLNG vs IBHJ | |
| Amplify CWP International Enhanced Dividend Income... | 0.01 | 0.20 | — | 79 | Derivative Income, Dividend, Foreign Large Cap Equities | FLNG vs IDVO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FLNG, 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 Vertiv Holdings Co. (VRT) (Industrials) with a 1Y correlation of -0.09, down from 0.15 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Vertiv Holdings Co. | -0.09 | 0.08 | 0.15 | 83 | Industrials | |
| Howmet Aerospace Inc. | -0.03 | 0.10 | 0.17 | 91 | Industrials | |
| NVIDIA Corporation | -0.03 | 0.07 | 0.16 | 63 | Technology | |
| Dynex Capital, Inc. | -0.02 | 0.14 | 0.18 | 72 | Real Estate | |
| ARMOUR Residential REIT, Inc. | -0.02 | 0.12 | 0.15 | 64 | Real Estate |
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