Looking to diversify beyond FCBR.L? The ETFs below have the lowest correlation with FCBR.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 FCBR.L.
Best Diversifiers for FCBR.L
18 ETFs have low correlation with FCBR.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 -0.06, down 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... | -0.06 | 0.04 | 0.07 | 71 | Global Bonds | FCBR.L vs FGOV.L | |
| First Trust FactorFX UCITS ETF Class A USD | -0.03 | 0.04 | 0.15 | 65 | Global Equities | FCBR.L vs FTFX.L | |
| First Trust US Equity Income UCITS ETF | 0.06 | 0.23 | 0.31 | 81 | Dividend | FCBR.L vs UINC.L | |
| First Trust US Equity Income UCITS ETF | 0.09 | 0.26 | 0.34 | 78 | Dividend | FCBR.L vs UIND.L | |
| First Trust Global Equity Income UCITS ETF Class A... | 0.10 | 0.24 | 0.30 | 94 | Dividend | FCBR.L vs FGBL.L |
See all 39 diversifiers for FCBR.L
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Diversification Analysis
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