Looking to diversify beyond FLTR? The ETFs below have historically moved differently from FLTR, 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 FLTR
2297 ETFs have low correlation with FLTR (below 0.3), 94 of which are negatively correlated. The least correlated is Breakwave Dry Bulk Shipping ETF (BDRY) (Commodities) with a 1Y correlation of -0.15, down from -0.01 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Breakwave Dry Bulk Shipping ETF | -0.15 | -0.02 | -0.01 | 83 | Commodities | FLTR vs BDRY | |
| First Trust Ultra Short Duration Municipal ETF | -0.11 | -0.03 | 0.02 | 96 | Municipal Bonds, Ultrashort Bond | FLTR vs FUMB | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.10 | — | — | 98 | Inflation-Protected Bonds | FLTR vs IBIC | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.10 | — | — | 69 | Derivative Income | FLTR vs WNTR | |
| First Trust Short Duration Managed Municipal ETF | -0.10 | -0.02 | 0.04 | 70 | Municipal Bonds | FLTR vs FSMB |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FLTR, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Realty Income Corporation (O) (Real Estate) with a 1Y correlation of -0.05, roughly unchanged from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Realty Income Corporation | -0.05 | 0.04 | 0.05 | 74 | Real Estate | |
| HF Sinclair Corp | -0.03 | 0.07 | 0.11 | 96 | Energy | |
| Equinor ASA | -0.02 | 0.03 | 0.08 | 85 | Energy | |
| Kinder Morgan, Inc. | -0.02 | 0.07 | 0.14 | 69 | Energy | |
| Marathon Petroleum Corporation | -0.02 | 0.08 | 0.12 | 95 | Energy |
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