Looking to balance out your exposure to FLWS? The ETFs below have the lowest correlation with FLWS — they tend to move on their own, which can help reduce risk when FLWS drops. The stock ideas table highlights individual companies that behave independently from FLWS.
Best Diversifiers for FLWS
1 ETFs have low correlation with FLWS (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco S&P MidCap Momentum ETF (XMMO) (Momentum) with a 1Y correlation of 0.21, down from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco S&P MidCap Momentum ETF | 0.21 | 0.37 | 0.43 | 67 | Momentum, Mid Cap Growth Equities | FLWS vs XMMO |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FLWS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FLWS and solid risk/return profiles. The least correlated is DICK'S Sporting Goods, Inc. (DKS) (Consumer Cyclical) with a 1Y correlation of 0.27, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| DICK'S Sporting Goods, Inc. | 0.27 | 0.36 | 0.41 | 65 | Consumer Cyclical |
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