Looking to diversify beyond FLOT? The ETFs below have historically moved differently from FLOT, 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 FLOT
1338 ETFs have low correlation with FLOT (below 0.3), 74 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.25, roughly unchanged from -0.16 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.25 | -0.16 | — | 61 | Cryptocurrency | FLOT vs BITI | |
| Proshares Ultrashort Bitcoin ETF | -0.25 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | FLOT vs SBIT | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.22 | — | — | 61 | Inverse Equities, Leveraged Equities | FLOT vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.22 | — | — | 52 | Inverse Equities | FLOT vs SMST | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.20 | — | — | 75 | Derivative Income | FLOT vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FLOT, 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 Energy Transfer LP (ET) (Energy) with a 1Y correlation of -0.10, down from 0.14 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Energy Transfer LP | -0.10 | 0.11 | 0.14 | 81 | Energy | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | -0.08 | -0.01 | — | 86 | Financial Services | |
| Walmart Inc. | -0.07 | 0.06 | 0.09 | 62 | Consumer Defensive | |
| Duke Energy Corporation | -0.07 | 0.05 | 0.08 | 56 | Utilities | |
| Enbridge Inc. | -0.06 | 0.07 | 0.13 | 85 | Energy |
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