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
10 mutual funds have low correlation with FLOWX (below 0.3), 3 of which are negatively correlated. The least correlated is Fidelity Select Energy Portfolio (FSENX) (Energy Equities) with a 1Y correlation of -0.03, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Fidelity Select Energy Portfolio | -0.03 | 0.24 | 0.30 | 62 | Energy Equities | FLOWX vs FSENX | |
| Guinness Atkinson Global Energy Fund | -0.02 | 0.23 | 0.28 | 56 | Energy Equities | FLOWX vs GAGEX | |
| Recurrent MLP & Infrastructure Fund | -0.02 | 0.30 | 0.36 | 83 | Energy Equities | FLOWX vs RMLPX | |
| NXG Cushing® Midstream Energy Fund | 0.03 | 0.19 | 0.27 | 73 | Energy Equities | FLOWX vs SRV | |
| Rydex Energy Fund | 0.07 | 0.34 | 0.38 | 51 | Energy Equities | FLOWX vs RYEIX |
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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 0.08, roughly unchanged from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Kurita Water Industries Ltd | 0.08 | 0.11 | 0.13 | 79 | Industrials | |
| Vertiv Holdings Co. | 0.30 | 0.38 | 0.48 | 93 | Industrials | |
| Chart Industries, Inc. | 0.30 | 0.55 | 0.54 | 96 | Industrials | |
| Nomura Holdings, Inc. | 0.48 | 0.43 | 0.43 | 86 | Financial Services |
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