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
13 ETFs have low correlation with FLNG (below 0.3), 5 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| NEOS Nasdaq-100 High Income ETF | -0.04 | — | — | 68 | Nasdaq-100, Derivative Income | FLNG vs QQQI | |
| State Street SPDR S&P 500 ETF | -0.03 | 0.16 | 0.24 | 70 | S&P 500 | FLNG vs SPY | |
| Vanguard S&P 500 ETF | -0.03 | 0.15 | 0.24 | 70 | S&P 500 | FLNG vs VOO | |
| Spear Alpha ETF | -0.01 | 0.09 | — | 71 | Technology Equities | FLNG vs SPRX | |
| SPDR S&P Biotech ETF | -0.00 | 0.12 | 0.14 | 74 | Health & Biotech Equities | FLNG vs XBI |
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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 NVIDIA Corporation (NVDA) (Technology) with a 1Y correlation of -0.06, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | -0.06 | 0.08 | 0.16 | 78 | Technology | |
| Vertiv Holdings Co. | -0.05 | 0.10 | 0.16 | 94 | Industrials | |
| Howmet Aerospace Inc. | -0.03 | 0.12 | 0.19 | 79 | Industrials | |
| Cohen & Steers Infrastructure Fund, Inc | -0.01 | 0.14 | 0.21 | 63 | Financial Services | |
| ARMOUR Residential REIT, Inc. | 0.01 | 0.14 | 0.17 | 67 | Real Estate |
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