Looking to diversify beyond FLTR? The ETFs below have the lowest correlation with FLTR — 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 FLTR.
Best Diversifiers for FLTR
1915 ETFs have low correlation with FLTR (below 0.3), 91 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 -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Breakwave Dry Bulk Shipping ETF | -0.15 | -0.02 | -0.00 | 75 | Commodities | FLTR vs BDRY | |
| First Trust Short Duration Managed Municipal ETF | -0.11 | -0.02 | 0.03 | 79 | Municipal Bonds | FLTR vs FSMB | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.10 | — | — | 97 | Inflation-Protected Bonds | FLTR vs RBIL | |
| ClearShares Ultra-Short Maturity ETF | -0.10 | 0.10 | 0.11 | 100 | Ultrashort Bond | FLTR vs OPER | |
| Direxion Daily NFLX Bear 1X Shares | -0.10 | — | — | 55 | Inverse Equities | FLTR vs NFXS |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FLTR, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FLTR and solid risk/return profiles. The least correlated is TotalEnergies SE (TTE) (Energy) with a 1Y correlation of -0.05, roughly unchanged from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| TotalEnergies SE | -0.05 | 0.06 | 0.05 | 79 | Energy | |
| Equinor ASA | -0.05 | 0.03 | 0.07 | 66 | Energy | |
| Restaurant Brands International Inc. | -0.02 | 0.02 | 0.09 | 60 | Consumer Cyclical | |
| Altria Group, Inc. | -0.02 | 0.01 | 0.06 | 72 | Consumer Defensive | |
| Energy Transfer LP | -0.02 | 0.09 | 0.14 | 72 | Energy |
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