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
877 ETFs have low correlation with FLRN (below 0.3), 27 of which are negatively correlated. The least correlated is VanEck Energy Income ETF (EINC) (Energy Equities) with a 1Y correlation of -0.14, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Energy Income ETF | -0.14 | 0.05 | 0.09 | 64 | Energy Equities | FLRN vs EINC | |
| USCF Midstream Energy Income Fund ETF | -0.13 | 0.06 | 0.11 | 62 | Energy Equities | FLRN vs UMI | |
| Tortoise North American Pipeline Fund | -0.13 | 0.06 | 0.10 | 60 | Energy Equities | FLRN vs TPYP | |
| Alerian Energy Infrastructure ETF | -0.12 | 0.07 | 0.11 | 57 | Energy Equities | FLRN vs ENFR | |
| Brookstone Ultra-Short Bond ETF | -0.11 | — | — | 98 | Ultrashort Bond | FLRN vs BAMU |
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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 | -0.09 | -0.00 | 62 | Utilities | |
| Energy Transfer LP | -0.03 | 0.08 | 0.12 | 72 | Energy | |
| Exxon Mobil Corporation | 0.02 | 0.09 | 0.10 | 72 | Energy | |
| AxoGen, Inc. | 0.03 | 0.01 | 0.09 | 99 | Healthcare | |
| Reaves Utility Income Trust | 0.04 | 0.07 | 0.11 | 79 | Financial Services |
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