Looking to diversify beyond 500P.L? The ETFs below have the lowest correlation with 500P.L — 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 500P.L.
Best Diversifiers for 500P.L
3 ETFs have low correlation with 500P.L (below 0.3), 0 of which are negatively correlated. The least correlated is Franklin European Quality Dividend UCITS ETF (FRXD.L) (Europe Equities) with a 1Y correlation of 0.16, down from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin European Quality Dividend UCITS ETF | 0.16 | 0.22 | 0.36 | 86 | Europe Equities | 500P.L vs FRXD.L | |
| Franklin Euro Short Maturity UCITS ETF | 0.20 | 0.08 | 0.08 | 87 | Global Equities | 500P.L vs FLES.L | |
| Franklin FTSE Brazil UCITS ETF | 0.28 | 0.32 | 0.34 | 55 | Global Equities | 500P.L vs FLXB.L | |
| Vanguard FTSE 100 UCITS ETF (GBP) Accumulating | 0.30 | 0.37 | 0.44 | 68 | Europe Equities | 500P.L vs VUKG.L | |
| HSBC Japan Sustainable Equity UCITS ETF USD | 0.45 | 0.43 | 0.48 | 66 | Japan Equities, Asia Pacific Equities | 500P.L vs HSJP.L |
See all 43 diversifiers for 500P.L
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Diversification Analysis
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