Looking to diversify beyond FLOWX? The mutual funds below have the lowest correlation with FLOWX — 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 FLOWX.
Best Diversifiers for FLOWX
6 mutual funds have low correlation with FLOWX (below 0.3), 0 of which are negatively correlated. The least correlated is Recurrent MLP & Infrastructure Fund (RMLPX) (Energy Equities) with a 1Y correlation of 0.00, down from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Recurrent MLP & Infrastructure Fund | 0.00 | 0.32 | 0.37 | 57 | Energy Equities | FLOWX vs RMLPX | |
| Vanguard Energy Fund Admiral Shares | 0.23 | 0.42 | 0.46 | 61 | Energy Equities | FLOWX vs VGELX | |
| Cohen & Steers MLP & Energy Opportunity Fund, Inc. | 0.23 | 0.43 | 0.47 | 95 | Energy Equities | FLOWX vs MLOZX | |
| Vanguard Energy Opportunities Fund Investor Shares | 0.23 | 0.42 | 0.46 | 61 | Energy Equities | FLOWX vs VGENX | |
| Cavanal Hill World Energy Fund | 0.24 | 0.42 | 0.41 | 52 | Energy Equities | FLOWX vs APWEX |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FLOWX, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FLOWX and solid risk/return profiles. The least correlated is Kurita Water Industries Ltd (KTWIY) (Industrials) with a 1Y correlation of 0.09, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Kurita Water Industries Ltd | 0.09 | 0.11 | 0.13 | 83 | Industrials | |
| Vertiv Holdings Co. | 0.29 | 0.38 | 0.48 | 95 | Industrials | |
| Nomura Holdings, Inc. | 0.52 | 0.44 | 0.43 | 82 | Financial Services |
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