Looking to diversify beyond FLSP? The ETFs below have the lowest correlation with FLSP — 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 FLSP.
Best Diversifiers for FLSP
1948 ETFs have low correlation with FLSP (below 0.3), 662 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Panagram AAA CLO ETF | -0.19 | — | — | 97 | CLO | FLSP vs CLOX | |
| Goldman Sachs Municipal Income ETF | -0.19 | — | — | 79 | Municipal Bonds | FLSP vs GMUB | |
| Obra High Grade Structured Products ETF | -0.19 | — | — | 96 | Multisector Bonds | FLSP vs OGSP | |
| iShares Investment Grade Corporate Bond Buywrite S... | -0.18 | -0.04 | — | 57 | Corporate Bonds | FLSP vs LQDW | |
| State Street My2027 Municipal Bond ETF | -0.18 | -0.01 | -0.01 | 97 | Municipal Bonds | FLSP vs MYMG |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FLSP, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FLSP and solid risk/return profiles. The least correlated is Cohen & Steers Infrastructure Fund, Inc (UTF) (Financial Services) with a 1Y correlation of 0.13, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cohen & Steers Infrastructure Fund, Inc | 0.13 | 0.06 | 0.09 | 67 | Financial Services |
Build a portfolio that complements FLSP
Add FLSP to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FLSP