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
554 ETFs have low correlation with FLV (below 0.3), 35 of which are negatively correlated. The least correlated is ProShares UltraShort Yen (YCS) (Leveraged Currency) with a 1Y correlation of -0.24, down from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.24 | -0.12 | -0.07 | 75 | Leveraged Currency | FLV vs YCS | |
| T-REX 2X Inverse MSTR Daily Target ETF | -0.23 | — | — | 60 | Inverse Equities, Leveraged Equities | FLV vs MSTZ | |
| Defiance Daily Target 2X Short MSTR ETF | -0.23 | -0.19 | -0.19 | 53 | Inverse Equities | FLV vs SMST | |
| YieldMax Short MSTR Option Income Strategy ETF | -0.22 | — | — | 65 | Derivative Income | FLV vs WNTR | |
| United States Gasoline Fund LP | -0.17 | -0.04 | 0.10 | 72 | Oil & Gas | FLV vs UGA |
See all 2050 diversifiers for FLV
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