Looking to diversify beyond FLSA? The ETFs below have the lowest correlation with FLSA — 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 FLSA.
Best Diversifiers for FLSA
1010 ETFs have low correlation with FLSA (below 0.3), 62 of which are negatively correlated. The least correlated is Direxion Daily MU Bull 2X Shares (MUU) (Leveraged Equities) with a 1Y correlation of -0.46, roughly unchanged from -0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Direxion Daily MU Bull 2X Shares | -0.46 | -0.46 | -0.46 | 99 | Leveraged Equities, Semiconductors | FLSA vs MUU | |
| Defiance Daily Target 2X Short MSTR ETF | -0.23 | — | — | 60 | Inverse Equities | FLSA vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.23 | — | — | 68 | Inverse Equities, Leveraged Equities | FLSA vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.22 | — | — | 70 | Derivative Income | FLSA vs WNTR | |
| ProShares Short Bitcoin ETF | -0.22 | -0.21 | -0.21 | 57 | Cryptocurrency | FLSA vs BITI |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FLSA, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FLSA and solid risk/return profiles. The least correlated is Apple Inc (AAPL) (Technology) with a 1Y correlation of 0.19, roughly unchanged from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Apple Inc | 0.19 | 0.24 | 0.25 | 91 | Technology |
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