Looking to diversify beyond FBT.L? The ETFs below have the lowest correlation with FBT.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 FBT.L.
Best Diversifiers for FBT.L
13 ETFs have low correlation with FBT.L (below 0.3), 0 of which are negatively correlated. The least correlated is First Trust FactorFX UCITS ETF Class A USD (FTFX.L) (Global Equities) with a 1Y correlation of 0.01, down from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust FactorFX UCITS ETF Class A USD | 0.01 | 0.02 | 0.11 | 65 | Global Equities | FBT.L vs FTFX.L | |
| First Trust Low Duration Global Government Bond UC... | 0.05 | 0.12 | 0.09 | 71 | Global Bonds | FBT.L vs FGOV.L | |
| First Trust US Equity Income UCITS ETF | 0.18 | 0.37 | 0.39 | 81 | Dividend | FBT.L vs UINC.L | |
| First Trust Emerging Markets AlphaDEX UCITS ETF Ac... | 0.20 | 0.24 | 0.26 | 74 | Emerging Markets Equities | FBT.L vs FEM.L | |
| First Trust US Equity Income UCITS ETF | 0.23 | 0.39 | 0.40 | 78 | Dividend | FBT.L vs UIND.L |
See all 35 diversifiers for FBT.L
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Diversification Analysis
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