Looking to balance out your exposure to FLYW? The ETFs below have the lowest correlation with FLYW — they tend to move on their own, which can help reduce risk when FLYW drops. The stock ideas table highlights individual companies that behave independently from FLYW.
No Diversifiers Found for FLYW
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FLYW, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FLYW and solid risk/return profiles. The least correlated is Applied Optoelectronics, Inc. (AAOI) (Technology) with a 1Y correlation of 0.08, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Applied Optoelectronics, Inc. | 0.08 | 0.21 | 0.26 | 98 | Technology | |
| Applied Digital Corporation | 0.10 | 0.19 | 0.21 | 88 | Technology | |
| ImmunityBio, Inc. | 0.11 | 0.20 | 0.33 | 81 | Healthcare | |
| First Majestic Silver Corp. | 0.17 | 0.19 | 0.21 | 87 | Basic Materials | |
| Ducommun Incorporated | 0.18 | 0.24 | 0.29 | 94 | Industrials |
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