Looking to diversify beyond BLOK.L? The ETFs below have the lowest correlation with BLOK.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 BLOK.L.
Best Diversifiers for BLOK.L
1 ETFs have low correlation with BLOK.L (below 0.3), 0 of which are negatively correlated. The least correlated is First Trust Low Duration Global Government Bond UCITS ETF GBP Hedged dist (FGOV.L) (Global Bonds) with a 1Y correlation of 0.14, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Low Duration Global Government Bond UC... | 0.14 | 0.14 | 0.09 | 65 | Global Bonds | BLOK.L vs FGOV.L | |
| First Trust NYSE Arca Biotechnology UCITS ETF Acc | 0.40 | 0.30 | 0.33 | 56 | Health & Biotech Equities | BLOK.L vs FBT.L | |
| KraneShares Electric Vehicles & Future Mobility ES... | 0.43 | 0.52 | — | 90 | Technology Equities | BLOK.L vs KARP.L | |
| First Trust US Large Cap Core AlphaDEX UCITS Class... | 0.47 | 0.56 | 0.63 | 93 | Large Cap Blend Equities | BLOK.L vs FEXD.L | |
| First Trust Emerging Markets AlphaDEX UCITS ETF Ac... | 0.48 | 0.59 | 0.58 | 84 | Emerging Markets Equities | BLOK.L vs FEM.L |
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