Looking to diversify beyond FLRN? The ETFs below have historically moved differently from FLRN, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for FLRN
1031 ETFs have low correlation with FLRN (below 0.3), 87 of which are negatively correlated. The least correlated is ProShares Short Bitcoin ETF (BITI) (Cryptocurrency) with a 1Y correlation of -0.25, down from -0.11 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares Short Bitcoin ETF | -0.25 | -0.11 | — | 61 | Cryptocurrency | FLRN vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.24 | — | — | 61 | Inverse Equities, Leveraged Equities | FLRN vs MSTZ | |
| Proshares Ultrashort Bitcoin ETF | -0.24 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | FLRN vs SBIT | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.23 | — | — | 75 | Derivative Income | FLRN vs WNTR | |
| Defiance Daily Target 2X Short MSTR ETF | -0.23 | — | — | 52 | Inverse Equities | FLRN vs SMST |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FLRN, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Duke Energy Corporation (DUK) (Utilities) with a 1Y correlation of -0.18, down from 0.00 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Duke Energy Corporation | -0.18 | -0.06 | 0.00 | 56 | Utilities | |
| Energy Transfer LP | -0.10 | 0.05 | 0.12 | 81 | Energy | |
| NextEra Energy, Inc. | -0.10 | -0.02 | 0.04 | 77 | Utilities | |
| MPLX LP | -0.08 | 0.04 | 0.09 | 79 | Energy | |
| Exxon Mobil Corporation | -0.00 | 0.08 | 0.09 | 84 | Energy |
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