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
1206 ETFs have low correlation with FLOT (below 0.3), 43 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.20 | — | — | 53 | Inverse Equities | FLOT vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.20 | — | — | 60 | Inverse Equities, Leveraged Equities | FLOT vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.19 | — | — | 65 | Derivative Income | FLOT vs WNTR | |
| Franklin Liberty Systematic Style Premia ETF | -0.12 | -0.01 | -0.01 | 84 | Long-Short | FLOT vs FLSP | |
| Obra Opportunistic Structured Products ETF | -0.10 | — | — | 84 | Multisector Bonds | FLOT vs OOSP |
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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 Walmart Inc. (WMT) (Consumer Defensive) with a 1Y correlation of -0.10, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Walmart Inc. | -0.10 | 0.06 | 0.09 | 70 | Consumer Defensive | |
| Oxford Lane Capital Corp. 7.125% Series 2029 Term ... | -0.09 | -0.01 | — | 86 | Financial Services | |
| Energy Transfer LP | -0.09 | 0.13 | 0.15 | 80 | Energy | |
| Enbridge Inc. | -0.08 | 0.08 | 0.14 | 87 | Energy | |
| Duke Energy Corporation | -0.05 | 0.07 | 0.08 | 63 | Utilities |
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