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
4 ETFs have low correlation with FBT.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 0.03, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Low Duration Global Government Bond UC... | 0.03 | 0.08 | 0.07 | 64 | Global Bonds | FBT.L vs FGOV.L | |
| First Trust US IPO Index UCITS ETF | 0.26 | 0.25 | 0.32 | 55 | Large Cap Growth Equities | FBT.L vs FPX.L | |
| First Trust Emerging Markets AlphaDEX UCITS ETF Ac... | 0.29 | 0.19 | 0.18 | 86 | Emerging Markets Equities | FBT.L vs FEM.L | |
| First Trust Eurozone AlphaDEX® UCITS ETF Class B S... | 0.30 | 0.17 | 0.19 | 75 | Europe Equities | FBT.L vs FEUD.L | |
| Vanguard FTSE Japan UCITS ETF USD Acc | 0.30 | 0.18 | 0.22 | 50 | Japan Equities | FBT.L vs VJPA.L |
See all 20 diversifiers for FBT.L
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