Looking to diversify beyond FLOT? The ETFs below have the lowest correlation with FLOT — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from FLOT.
Best Diversifiers for FLOT
1159 ETFs have low correlation with FLOT (below 0.3), 21 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Obra Opportunistic Structured Products ETF | -0.09 | — | — | 72 | Multisector Bonds | FLOT vs OOSP | |
| Franklin Liberty Systematic Style Premia ETF | -0.09 | -0.00 | -0.00 | 60 | Long-Short | FLOT vs FLSP | |
| ProShares UltraShort Yen | -0.08 | -0.02 | -0.04 | 61 | Leveraged Currency | FLOT vs YCS | |
| Breakwave Dry Bulk Shipping ETF | -0.06 | -0.03 | 0.01 | 73 | Commodities | FLOT vs BDRY | |
| Rayliant Wilshire NxtGen Emerging Markets Equity E... | -0.05 | 0.10 | 0.20 | 53 | Emerging Markets Equities | FLOT vs RWEM |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FLOT, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FLOT and solid risk/return profiles. The least correlated is Oxford Lane Capital Corp. 7.125% Series 2029 Term Preferred Stock (OXLCN) (Financial Services) with a 1Y correlation of -0.09, roughly unchanged from -0.01 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | -0.09 | -0.01 | — | 83 | Financial Services | |
| Walmart Inc. | -0.09 | 0.07 | 0.09 | 69 | Consumer Defensive | |
| Energy Transfer LP | -0.04 | 0.14 | 0.15 | 67 | Energy | |
| Duke Energy Corporation | -0.03 | 0.07 | 0.08 | 62 | Utilities | |
| Johnson & Johnson | -0.02 | 0.08 | 0.08 | 95 | Healthcare |
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