Looking to diversify beyond FLRG? The ETFs below have the lowest correlation with FLRG — 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 FLRG.
Best Diversifiers for FLRG
370 ETFs have low correlation with FLRG (below 0.3), 74 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.32, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.32 | -0.06 | 0.08 | 71 | Oil & Gas | FLRG vs DBE | |
| United States Oil Fund LP | -0.31 | -0.06 | 0.07 | 66 | Oil & Gas | FLRG vs USO | |
| United States Brent Oil Fund LP | -0.30 | -0.05 | 0.07 | 65 | Oil & Gas | FLRG vs BNO | |
| Defiance Oil Enhanced Options Income ETF | -0.28 | — | — | 56 | Derivative Income | FLRG vs USOY | |
| ProShares K-1 Free Crude Oil Strategy ETF | -0.28 | -0.03 | 0.09 | 56 | Oil & Gas | FLRG vs OILK |
See all 2189 diversifiers for FLRG
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