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
2112 ETFs have low correlation with FLSP (below 0.3), 618 of which are negatively correlated. The least correlated is iShares Investment Grade Corporate Bond Buywrite Strategy ETF (LQDW) (Corporate Bonds) with a 1Y correlation of -0.17, down from -0.04 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Investment Grade Corporate Bond Buywrite S... | -0.17 | -0.04 | — | 54 | Corporate Bonds | FLSP vs LQDW | |
| Angel Oak Ultrashort Income ETF | -0.17 | -0.09 | — | 99 | Ultrashort Bond | FLSP vs UYLD | |
| Panagram AAA CLO ETF | -0.17 | — | — | 96 | CLO | FLSP vs CLOX | |
| Obra High Grade Structured Products ETF | -0.17 | — | — | 95 | Multisector Bonds | FLSP vs OGSP | |
| State Street My2027 Municipal Bond ETF | -0.16 | — | — | 97 | Municipal Bonds | FLSP vs MYMG |
See all 2112 diversifiers for FLSP
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