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
929 ETFs have low correlation with FLRN (below 0.3), 69 of which are negatively correlated. The least correlated is Proshares Ultrashort Bitcoin ETF (SBIT) (Cryptocurrency) with a 1Y correlation of -0.22, roughly unchanged from -0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.22 | -0.14 | -0.14 | 52 | Cryptocurrency, Leveraged Cryptocurrency | FLRN vs SBIT | |
| ProShares Short Bitcoin ETF | -0.21 | -0.11 | -0.12 | 57 | Cryptocurrency | FLRN vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.21 | — | — | 68 | Inverse Equities, Leveraged Equities | FLRN vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.21 | — | — | 60 | Inverse Equities | FLRN vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.20 | -0.24 | -0.24 | 70 | Derivative Income | FLRN vs WNTR |
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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 -0.17, down from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.17 | -0.06 | 0.00 | 66 | Utilities | |
| NextEra Energy, Inc. | -0.10 | -0.01 | 0.04 | 73 | Utilities | |
| MPLX LP | -0.09 | 0.05 | 0.09 | 82 | Energy | |
| Energy Transfer LP | -0.07 | 0.07 | 0.12 | 84 | Energy | |
| Exxon Mobil Corporation | 0.00 | 0.09 | 0.10 | 75 | Energy |
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