Looking to diversify beyond FLRT? The ETFs below have historically moved differently from FLRT, 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 FLRT
886 ETFs have low correlation with FLRT (below 0.3), 63 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| YieldMax MSTR Short Option Income Strategy ETF | -0.22 | — | — | 58 | Derivative Income | FLRT vs WNTR | |
| Invesco DB Energy Fund | -0.13 | -0.03 | 0.06 | 54 | Oil & Gas | FLRT vs DBE | |
| iPath Bloomberg Commodity Index Total Return ETN | -0.13 | -0.02 | 0.09 | 66 | Commodities | FLRT vs DJP | |
| iShares Bloomberg Roll Select Commodity Strategy E... | -0.12 | -0.01 | 0.10 | 64 | Commodities | FLRT vs CMDY | |
| iShares GSCI Commodity Dynamic Roll Strategy ETF | -0.12 | -0.01 | 0.07 | 51 | Commodities | FLRT vs COMT |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FLRT, 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 Johnson & Johnson (JNJ) (Healthcare) with a 1Y correlation of -0.12, down from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Johnson & Johnson | -0.12 | 0.05 | 0.05 | 96 | Healthcare | |
| Altria Group, Inc. | -0.10 | 0.05 | 0.07 | 63 | Consumer Defensive | |
| The Coca-Cola Company | -0.08 | 0.04 | 0.09 | 86 | Consumer Defensive | |
| PG&E Corporation | -0.04 | 0.07 | 0.10 | 59 | Utilities | |
| TotalEnergies SE | -0.02 | 0.01 | 0.07 | 86 | Energy |
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