Looking to diversify beyond CAPS.L? The ETFs below have the lowest correlation with CAPS.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 CAPS.L.
Best Diversifiers for CAPS.L
17 ETFs have low correlation with CAPS.L (below 0.3), 2 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 -0.10, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Low Duration Global Government Bond UC... | -0.10 | 0.08 | 0.05 | 64 | Global Bonds | CAPS.L vs FGOV.L | |
| First Trust Nasdaq Clean Edge Green Energy UCITS E... | -0.01 | 0.12 | 0.22 | 91 | Energy Equities | CAPS.L vs QCLN.L | |
| First Trust Emerging Markets AlphaDEX UCITS ETF Ac... | 0.05 | 0.15 | — | 86 | Emerging Markets Equities | CAPS.L vs FEM.L | |
| First Trust US IPO Index UCITS ETF | 0.07 | 0.26 | — | 55 | Large Cap Growth Equities | CAPS.L vs FPX.L | |
| iShares NASDAQ 100 UCITS ETF | 0.11 | 0.30 | — | 75 | Nasdaq-100 | CAPS.L vs CNDX.L |
See all 60 diversifiers for CAPS.L
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