Looking to diversify beyond FLRN? The ETFs below have the lowest correlation with FLRN — 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 FLRN.
Best Diversifiers for FLRN
1002 ETFs have low correlation with FLRN (below 0.3), 55 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.12, down from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.12 | -0.01 | 0.00 | 71 | Oil & Gas | FLRN vs DBE | |
| VanEck Energy Income ETF | -0.11 | 0.04 | 0.08 | 53 | Energy Equities | FLRN vs EINC | |
| United States Oil Fund LP | -0.11 | 0.00 | 0.01 | 66 | Oil & Gas | FLRN vs USO | |
| Breakwave Dry Bulk Shipping ETF | -0.10 | 0.04 | 0.04 | 85 | Commodities | FLRN vs BDRY | |
| Alerian Energy Infrastructure ETF | -0.10 | 0.06 | 0.11 | 50 | Energy Equities | FLRN vs ENFR |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FLRN, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FLRN and solid risk/return profiles. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.14, down from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.14 | -0.07 | 0.00 | 53 | Utilities | |
| Energy Transfer LP | -0.02 | 0.05 | 0.12 | 69 | Energy | |
| Exxon Mobil Corporation | 0.04 | 0.07 | 0.09 | 85 | Energy | |
| Reaves Utility Income Trust | 0.06 | 0.06 | 0.11 | 78 | Financial Services | |
| Eli Lilly and Company | 0.08 | 0.09 | 0.09 | 72 | Healthcare |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements FLRN
Add FLRN to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FLRN