Looking to balance out your exposure to FLO? The ETFs below have the lowest correlation with FLO — they tend to move on their own, which can help reduce risk when FLO drops. The stock ideas table highlights individual companies that behave independently from FLO.
Best Diversifiers for FLO
2 ETFs have low correlation with FLO (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.09, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.09 | 0.13 | 0.19 | 70 | S&P 500 | FLO vs VOO | |
| State Street SPDR S&P 500 ETF | 0.10 | 0.13 | 0.19 | 70 | S&P 500 | FLO vs SPY | |
| Pacer US Cash Cows 100 ETF | 0.43 | 0.38 | 0.33 | 65 | Mid Cap Value Equities, Dividend | FLO vs COWZ | |
| Schwab U.S. Dividend Equity ETF | 0.45 | 0.47 | 0.45 | 80 | Dividend | FLO vs SCHD |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FLO, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FLO and solid risk/return profiles. The least correlated is GE Vernova Inc. (GEV) (Utilities) with a 1Y correlation of -0.18, roughly unchanged from -0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| GE Vernova Inc. | -0.18 | -0.15 | -0.15 | 87 | Utilities | |
| Centrus Energy Corp. | -0.15 | -0.07 | -0.02 | 55 | Energy | |
| General Electric Company | -0.07 | 0.01 | 0.09 | 65 | Industrials | |
| HF Sinclair Corp | 0.08 | 0.13 | 0.11 | 92 | Energy | |
| JPMorgan Chase & Co. | 0.09 | 0.16 | 0.20 | 59 | Financial Services |
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