Looking to balance out your exposure to FLR? The ETFs below have the lowest correlation with FLR — they tend to move on their own, which can help reduce risk when FLR drops. The stock ideas table highlights individual companies that behave independently from FLR.
Best Diversifiers for FLR
1 ETFs have low correlation with FLR (below 0.3), 0 of which are negatively correlated. The least correlated is iMGP DBi Managed Futures Strategy ETF (DBMF) (Systematic Trend) with a 1Y correlation of 0.28, up from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iMGP DBi Managed Futures Strategy ETF | 0.28 | 0.23 | 0.13 | 86 | Systematic Trend | FLR vs DBMF | |
| Invesco Semiconductors ETF | 0.49 | 0.49 | 0.48 | 91 | Semiconductors, Technology Equities | FLR vs PSI | |
| Invesco QQQ ETF | 0.50 | 0.48 | 0.44 | 53 | Nasdaq-100 | FLR vs QQQ | |
| State Street SPDR S&P 500 ETF | 0.52 | 0.53 | 0.50 | 65 | S&P 500 | FLR vs SPY |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FLR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FLR and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.23, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.23 | -0.09 | 0.01 | 64 | Utilities | |
| Chubb Limited | -0.22 | -0.05 | 0.14 | 82 | Financial Services | |
| Verizon Communications Inc. | -0.20 | -0.07 | 0.02 | 61 | Communication Services | |
| Walmart Inc. | -0.11 | 0.00 | 0.08 | 69 | Consumer Defensive | |
| HF Sinclair Corp | -0.10 | 0.13 | 0.28 | 95 | Energy |
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