Looking to diversify beyond FLOWX? The mutual funds below have historically moved differently from FLOWX, 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 FLOWX
17 mutual funds have low correlation with FLOWX (below 0.3), 5 of which are negatively correlated. The least correlated is Vanguard Energy Index Fund Admiral Shares (VENAX) (Energy Equities) with a 1Y correlation of -0.06, down from 0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard Energy Index Fund Admiral Shares | -0.06 | 0.22 | 0.28 | 72 | Energy Equities | FLOWX vs VENAX | |
| Invesco Energy Fund | -0.04 | 0.22 | 0.28 | 73 | Energy Equities | FLOWX vs FSTEX | |
| Fidelity Select Energy Portfolio | -0.04 | 0.23 | 0.29 | 87 | Energy Equities | FLOWX vs FSENX | |
| Guinness Atkinson Global Energy Fund | -0.04 | 0.22 | 0.27 | 84 | Energy Equities | FLOWX vs GAGEX | |
| Recurrent MLP & Infrastructure Fund | -0.02 | 0.30 | 0.36 | 92 | Infrastructure Equities, Energy Equities | FLOWX vs RMLPX |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FLOWX, 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 Kurita Water Industries Ltd (KTWIY) (Industrials) with a 1Y correlation of 0.08, roughly unchanged from 0.13 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Kurita Water Industries Ltd | 0.08 | 0.11 | 0.13 | 73 | Industrials | |
| Vertiv Holdings Co. | 0.28 | 0.37 | 0.47 | 76 | Industrials | |
| Nomura Holdings, Inc. | 0.45 | 0.42 | 0.42 | 85 | Financial Services | |
| Ecolab Inc. | 0.62 | 0.59 | 0.67 | 53 | Basic Materials |
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