Looking to diversify beyond FLXR? The ETFs below have historically moved differently from FLXR, 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 FLXR
443 ETFs have low correlation with FLXR (below 0.3), 101 of which are negatively correlated.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| ProShares UltraShort Yen | -0.43 | — | — | 56 | Leveraged Currency | FLXR vs YCS | |
| Invesco DB Energy Fund | -0.39 | -0.29 | -0.29 | 72 | Oil & Gas | FLXR vs DBE | |
| United States Brent Oil Fund LP | -0.39 | -0.29 | -0.29 | 52 | Oil & Gas | FLXR vs BNO | |
| Invesco DB Oil Fund | -0.39 | — | — | 58 | Oil & Gas | FLXR vs DBO | |
| United States Oil Fund LP | -0.38 | — | — | 55 | Oil & Gas | FLXR vs USO |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for FLXR, 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 BlackRock Capital Allocation Term Trust (BCAT) (Financial Services) with a 1Y correlation of 0.35, up from 0.18 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BlackRock Capital Allocation Term Trust | 0.35 | 0.18 | 0.18 | 95 | Financial Services |
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