Looking to diversify beyond FLV? The ETFs below have historically moved differently from FLV, 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 FLV
608 ETFs have low correlation with FLV (below 0.3), 48 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.23, down from 0.10 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.23 | -0.08 | 0.10 | 72 | Oil & Gas | FLV vs DBE | |
| ProShares UltraShort Yen | -0.23 | -0.12 | -0.08 | 56 | Leveraged Currency | FLV vs YCS | |
| Invesco DB Oil Fund | -0.22 | -0.07 | 0.10 | 58 | Oil & Gas | FLV vs DBO | |
| United States Oil Fund LP | -0.21 | -0.07 | 0.09 | 55 | Oil & Gas | FLV vs USO | |
| United States Brent Oil Fund LP | -0.21 | -0.07 | 0.09 | 52 | Oil & Gas | FLV vs BNO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FLV, 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 Berkshire Hathaway Inc. (BRK-B) (Financial Services) with a 1Y correlation of 0.45, down from 0.71 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Berkshire Hathaway Inc. | 0.45 | 0.60 | 0.71 | 61 | Financial Services |
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