Looking to diversify beyond FLV? The ETFs below have the lowest correlation with FLV — 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 FLV.
Best Diversifiers for FLV
457 ETFs have low correlation with FLV (below 0.3), 17 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.23, down from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.23 | -0.11 | -0.07 | 61 | Leveraged Currency | FLV vs YCS | |
| F/m Ultrashort Treasury Inflation-Protected Securi... | -0.14 | — | — | 97 | Inflation-Protected Bonds | FLV vs RBIL | |
| iShares iBonds Oct 2026 Term TIPS ETF | -0.11 | 0.00 | 0.00 | 98 | Inflation-Protected Bonds | FLV vs IBIC | |
| WisdomTree Floating Rate Treasury Fund | -0.11 | -0.02 | -0.01 | 100 | Government Bonds, Ultrashort Bond | FLV vs USFR | |
| iShares 0-3 Month Treasury Bond ETF | -0.09 | -0.03 | -0.02 | 100 | Ultrashort Bond | FLV vs SGOV |
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