Looking to diversify beyond FLSW? The ETFs below have the lowest correlation with FLSW — 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 FLSW.
Best Diversifiers for FLSW
243 ETFs have low correlation with FLSW (below 0.3), 39 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.47, down from -0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.47 | -0.33 | -0.27 | 63 | Leveraged Currency | FLSW vs YCS | |
| United States Gasoline Fund LP | -0.37 | -0.19 | -0.04 | 55 | Oil & Gas | FLSW vs UGA | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.24 | — | — | 97 | Inflation-Protected Bonds | FLSW vs RBIL | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.17 | — | — | 98 | Inflation-Protected Bonds | FLSW vs IBIC | |
| VanEck Commodity Strategy ETF | -0.16 | -0.02 | — | 57 | Commodities | FLSW vs PIT |
See all 1949 diversifiers for FLSW
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