Looking to diversify beyond FLTB? The ETFs below have historically moved differently from FLTB, 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 FLTB
1684 ETFs have low correlation with FLTB (below 0.3), 112 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.38, up from -0.48 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.38 | -0.42 | -0.48 | 59 | Leveraged Currency | FLTB vs YCS | |
| Invesco DB Oil Fund | -0.31 | -0.19 | -0.13 | 51 | Oil & Gas | FLTB vs DBO | |
| Invesco DB Energy Fund | -0.31 | -0.20 | -0.13 | 66 | Oil & Gas | FLTB vs DBE | |
| United States Gasoline Fund, LP | -0.30 | -0.21 | -0.12 | 83 | Oil & Gas | FLTB vs UGA | |
| FolioBeyond Alternative Income and Interest Rate H... | -0.28 | -0.37 | -0.43 | 51 | Nontraditional Bonds | FLTB vs RISR |
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