Looking to balance out your exposure to FLXS? The ETFs below have the lowest correlation with FLXS — they tend to move on their own, which can help reduce risk when FLXS drops. The stock ideas table highlights individual companies that behave independently from FLXS.
Best Diversifiers for FLXS
1 ETFs have low correlation with FLXS (below 0.3), 1 of which are negatively correlated. The least correlated is iShares 0-3 Month Treasury Bond ETF (SGOV) (Ultrashort Bond) with a 1Y correlation of -0.04, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares 0-3 Month Treasury Bond ETF | -0.04 | -0.01 | 0.02 | 100 | Ultrashort Bond | FLXS vs SGOV |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FLXS, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FLXS and solid risk/return profiles. The least correlated is Cboe Global Markets, Inc. (CBOE) (Financial Services) with a 1Y correlation of -0.12, down from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Cboe Global Markets, Inc. | -0.12 | -0.09 | 0.01 | 68 | Financial Services | |
| Duke Energy Corporation | -0.10 | -0.05 | -0.02 | 53 | Utilities | |
| Altria Group, Inc. | -0.03 | -0.01 | 0.04 | 69 | Consumer Defensive | |
| Chord Energy Corp | 0.06 | 0.13 | 0.11 | 75 | Energy | |
| Verizon Communications Inc. | 0.06 | 0.05 | 0.06 | 59 | Communication Services |
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