Looking to balance out your exposure to FLNG? The ETFs below have the lowest correlation with FLNG — they tend to move on their own, which can help reduce risk when FLNG drops. The stock ideas table highlights individual companies that behave independently from FLNG.
Best Diversifiers for FLNG
11 ETFs have low correlation with FLNG (below 0.3), 3 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 -0.05, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR S&P 500 ETF | -0.05 | 0.13 | 0.23 | 65 | S&P 500 | FLNG vs SPY | |
| Vanguard S&P 500 ETF | -0.04 | 0.12 | 0.23 | 66 | S&P 500 | FLNG vs VOO | |
| SPDR S&P Biotech ETF | -0.04 | 0.10 | 0.12 | 93 | Health & Biotech Equities | FLNG vs XBI | |
| Amplify CWP International Enhanced Dividend Income... | 0.01 | 0.22 | — | 75 | Derivative Income, Dividend, Foreign Large Cap Equities | FLNG vs IDVO | |
| iShares iBonds 2030 Term High Yield and Income ETF | 0.02 | 0.12 | 0.13 | 68 | High Yield Bonds | FLNG vs IBHJ |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FLNG, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FLNG and solid risk/return profiles. The least correlated is Vertiv Holdings Co. (VRT) (Industrials) with a 1Y correlation of -0.08, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Vertiv Holdings Co. | -0.08 | 0.08 | 0.15 | 92 | Industrials | |
| NVIDIA Corporation | -0.02 | 0.07 | 0.16 | 63 | Technology | |
| Berkshire Hathaway Inc. | -0.02 | 0.10 | 0.20 | 53 | Financial Services | |
| ARMOUR Residential REIT, Inc. | -0.02 | 0.11 | 0.15 | 71 | Real Estate | |
| Howmet Aerospace Inc. | -0.01 | 0.11 | 0.17 | 84 | Industrials |
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