Looking to balance out your exposure to FAS.L? The ETFs below have the lowest correlation with FAS.L — they tend to move on their own, which can help reduce risk when FAS.L drops. The stock ideas table highlights individual companies that behave independently from FAS.L.
Best Diversifiers for FAS.L
1 ETFs have low correlation with FAS.L (below 0.3), 0 of which are negatively correlated. The least correlated is HSBC FTSE 100 UCITS ETF GBP (HUKX.L) (Europe Equities) with a 1Y correlation of 0.28, roughly unchanged from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| HSBC FTSE 100 UCITS ETF GBP | 0.28 | 0.30 | 0.28 | 53 | Europe Equities | FAS.L vs HUKX.L | |
| Scottish Mortgage Investment Trust plc | 0.36 | 0.31 | 0.33 | 83 | Global Equities | FAS.L vs SMT.L |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FAS.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FAS.L and solid risk/return profiles. The least correlated is National Grid plc (NG.L) (Utilities) with a 1Y correlation of -0.07, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| National Grid plc | -0.07 | 0.02 | 0.02 | 67 | Utilities | |
| Legal & General Group plc | 0.21 | 0.20 | 0.21 | 60 | Financial Services | |
| Aberforth Smaller Companies Trust plc | 0.32 | 0.27 | 0.29 | 60 | Financial Services | |
| F&C Investment Trust plc | 0.36 | 0.35 | 0.33 | 89 | Financial Services |
Build a portfolio that complements FAS.L
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