Looking to diversify beyond FLYD? The ETFs below have the lowest correlation with FLYD — 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 FLYD.
Best Diversifiers for FLYD
2049 ETFs have low correlation with FLYD (below 0.3), 1982 of which are negatively correlated. The least correlated is Sparkline Intangible Value ETF (ITAN) (Large Cap Value Equities) with a 1Y correlation of -0.77, roughly unchanged from -0.77 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Sparkline Intangible Value ETF | -0.77 | -0.77 | — | 79 | Large Cap Value Equities | FLYD vs ITAN | |
| Invesco ESG S&P 500 Equal Weight ETF | -0.76 | -0.74 | -0.76 | 71 | S&P 500, ESG, Equal Weight | FLYD vs RSPE | |
| LeaderShares AlphaFactor US Core Equity ETF | -0.76 | -0.73 | — | 71 | Mid Cap Blend Equities | FLYD vs LSAF | |
| Hypatia Women CEO ETF | -0.76 | -0.73 | — | 74 | Small Cap Blend Equities | FLYD vs WCEO | |
| Wisdomtree U.S. Smallcap Quality Growth Fund | -0.74 | -0.72 | -0.72 | 50 | Small Cap Growth Equities | FLYD vs QSML |
See all 2051 diversifiers for FLYD
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements FLYD
Add FLYD to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FLYD