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
2069 ETFs have low correlation with FLYD (below 0.3), 2028 of which are negatively correlated. The least correlated is Invesco ESG S&P 500 Equal Weight ETF (RSPE) (S&P 500) with a 1Y correlation of -0.78, roughly unchanged from -0.75 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco ESG S&P 500 Equal Weight ETF | -0.78 | -0.75 | — | 67 | S&P 500, ESG, Equal Weight | FLYD vs RSPE | |
| Fidelity Enhanced Mid Cap ETF | -0.78 | -0.75 | -0.75 | 52 | Mid Cap Blend Equities | FLYD vs FMDE | |
| LeaderShares AlphaFactor US Core Equity ETF | -0.78 | -0.73 | — | 62 | Mid Cap Blend Equities | FLYD vs LSAF | |
| Sparkline Intangible Value ETF | -0.77 | -0.77 | -0.79 | 74 | Large Cap Value Equities | FLYD vs ITAN | |
| Hypatia Women CEO ETF | -0.77 | -0.73 | — | 70 | Small Cap Blend Equities | FLYD vs WCEO |
See all 2069 diversifiers for FLYD
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