Looking to diversify beyond FLSW? The ETFs below have historically moved differently from FLSW, 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 FLSW
294 ETFs have low correlation with FLSW (below 0.3), 92 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.42, down from -0.28 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.42 | -0.34 | -0.28 | 56 | Leveraged Currency | FLSW vs YCS | |
| Invesco DB Energy Fund | -0.41 | -0.23 | -0.06 | 72 | Oil & Gas | FLSW vs DBE | |
| United States Brent Oil Fund LP | -0.39 | -0.21 | -0.06 | 52 | Oil & Gas | FLSW vs BNO | |
| United States Oil Fund LP | -0.38 | -0.21 | -0.06 | 55 | Oil & Gas | FLSW vs USO | |
| United States Gasoline Fund LP | -0.36 | -0.20 | -0.06 | 87 | Oil & Gas | FLSW vs UGA |
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