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
2029 ETFs have low correlation with FLTR (below 0.3), 144 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 | 85 | Commodities | FLTR vs BDRY | |
| iShares Bloomberg Roll Select Commodity Strategy E... | -0.12 | -0.02 | 0.03 | 72 | Commodities | FLTR vs CMDY | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.12 | — | — | 98 | Inflation-Protected Bonds | FLTR vs RBIL | |
| First Trust Flexible Municipal High Income ETF | -0.11 | -0.01 | 0.01 | 71 | Municipal Bonds | FLTR vs MFLX | |
| First Trust Short Duration Managed Municipal ETF | -0.11 | -0.02 | 0.03 | 80 | Municipal Bonds | FLTR vs FSMB |
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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 Equinor ASA (EQNR) (Energy) with a 1Y correlation of -0.06, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Equinor ASA | -0.06 | 0.02 | 0.08 | 82 | Energy | |
| TotalEnergies SE | -0.01 | 0.06 | 0.04 | 90 | Energy | |
| Energy Transfer LP | -0.01 | 0.09 | 0.14 | 69 | Energy | |
| Chevron Corporation | -0.00 | 0.06 | 0.12 | 83 | Energy | |
| Taseko Mines Limited | 0.01 | 0.04 | 0.12 | 93 | Basic Materials |
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