Looking to diversify beyond FLTW? The ETFs below have the lowest correlation with FLTW — 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 FLTW.
Best Diversifiers for FLTW
451 ETFs have low correlation with FLTW (below 0.3), 69 of which are negatively correlated. The least correlated is Defiance Daily Target 2X Short MSTR ETF (SMST) (Inverse Equities) with a 1Y correlation of -0.37, roughly unchanged from -0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Daily Target 2X Short MSTR ETF | -0.37 | -0.34 | -0.34 | 53 | Inverse Equities | FLTW vs SMST | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.37 | -0.33 | -0.33 | 60 | Inverse Equities, Leveraged Equities | FLTW vs MSTZ | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.35 | — | — | 65 | Derivative Income | FLTW vs WNTR | |
| ProShares UltraShort Yen | -0.20 | -0.13 | -0.11 | 75 | Leveraged Currency | FLTW vs YCS | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.20 | — | — | 98 | Inflation-Protected Bonds | FLTW vs IBIC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FLTW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FLTW and solid risk/return profiles. The least correlated is Waste Management, Inc. (WM) (Industrials) with a 1Y correlation of -0.33, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Waste Management, Inc. | -0.33 | -0.10 | 0.01 | 51 | Industrials | |
| Walmart Inc. | -0.17 | -0.02 | 0.06 | 70 | Consumer Defensive | |
| The Hanover Insurance Group, Inc. | -0.16 | -0.04 | 0.10 | 86 | Financial Services | |
| McKesson Corporation | -0.16 | -0.13 | -0.00 | 58 | Healthcare | |
| Essential Properties Realty Trust, Inc. | -0.16 | 0.11 | 0.22 | 50 | Real Estate |
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