Looking to diversify beyond FLTW? The ETFs below have historically moved differently from FLTW, 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 FLTW
582 ETFs have low correlation with FLTW (below 0.3), 107 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Proshares Ultrashort Bitcoin ETF | -0.43 | — | — | 55 | Cryptocurrency, Leveraged Cryptocurrency | FLTW vs SBIT | |
| ProShares Short Bitcoin ETF | -0.42 | -0.28 | — | 61 | Cryptocurrency | FLTW vs BITI | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.38 | — | — | 61 | Inverse Equities, Leveraged Equities | FLTW vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.38 | — | — | 52 | Inverse Equities | FLTW vs SMST | |
| YieldMax MSTR Short Option Income Strategy ETF | -0.36 | — | — | 75 | Derivative Income | FLTW vs WNTR |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FLTW, 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 The Hanover Insurance Group, Inc. (THG) (Financial Services) with a 1Y correlation of -0.20, down from 0.08 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| The Hanover Insurance Group, Inc. | -0.20 | -0.06 | 0.08 | 89 | Financial Services | |
| McKesson Corporation | -0.20 | -0.14 | -0.01 | 67 | Healthcare | |
| The Coca-Cola Company | -0.18 | -0.07 | 0.04 | 90 | Consumer Defensive | |
| Walmart Inc. | -0.18 | -0.03 | 0.05 | 62 | Consumer Defensive | |
| Essential Properties Realty Trust, Inc. | -0.17 | 0.09 | 0.20 | 55 | Real Estate |
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