Looking to diversify beyond FLYU? The ETFs below have the lowest correlation with FLYU — 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 FLYU.
Best Diversifiers for FLYU
419 ETFs have low correlation with FLYU (below 0.3), 86 of which are negatively correlated. The least correlated is Invesco DB Energy Fund (DBE) (Oil & Gas) with a 1Y correlation of -0.40, down from -0.17 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco DB Energy Fund | -0.40 | -0.17 | — | 53 | Oil & Gas | FLYU vs DBE | |
| United States Gasoline Fund LP | -0.36 | -0.13 | — | 78 | Oil & Gas | FLYU vs UGA | |
| iShares S&P GSCI Commodity-Indexed Trust | -0.33 | -0.12 | 0.03 | 51 | Commodities | FLYU vs GSG | |
| DoubleLine Commodity Strategy ETF | -0.32 | -0.13 | -0.13 | 51 | Commodities | FLYU vs DCMT | |
| Invesco DB Commodity Index Tracking Fund | -0.31 | -0.09 | 0.04 | 54 | Commodities | FLYU vs DBC |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FLYU, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FLYU and solid risk/return profiles. The least correlated is American Eagle Outfitters, Inc. (AEO) (Consumer Cyclical) with a 1Y correlation of 0.46, roughly unchanged from 0.46 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| American Eagle Outfitters, Inc. | 0.46 | 0.46 | — | 75 | Consumer Cyclical |
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