Looking to balance out your exposure to FCIT.L? The ETFs below have the lowest correlation with FCIT.L — they tend to move on their own, which can help reduce risk when FCIT.L drops. The stock ideas table highlights individual companies that behave independently from FCIT.L.
Best Diversifiers for FCIT.L
0 ETFs have low correlation with FCIT.L (below 0.3), 0 of which are negatively correlated. The least correlated is Scottish Mortgage Investment Trust plc (SMT.L) (Global Equities) with a 1Y correlation of 0.64, roughly unchanged from 0.66 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Scottish Mortgage Investment Trust plc | 0.64 | 0.69 | 0.66 | 83 | Global Equities | FCIT.L vs SMT.L | |
| iShares Core MSCI World UCITS ETF USD (Acc) | 0.74 | 0.75 | 0.76 | 67 | Global Equities | FCIT.L vs IWDA.L | |
| iShares Core MSCI World UCITS ETF USD (Acc) | 0.77 | 0.77 | 0.78 | 81 | Global Equities | FCIT.L vs SWDA.L | |
| HSBC MSCI World UCITS ETF | 0.77 | 0.77 | 0.77 | 76 | Global Equities | FCIT.L vs HMWO.L | |
| Vanguard FTSE All-World UCITS ETF (USD) Accumulati... | 0.78 | 0.78 | 0.78 | 85 | Global Equities | FCIT.L vs VWRP.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FCIT.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FCIT.L and solid risk/return profiles. The least correlated is BH Macro Limited (BHMG.L) (Financial Services) with a 1Y correlation of 0.10, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BH Macro Limited | 0.10 | 0.11 | 0.10 | 62 | Financial Services | |
| 3I Infrastructure plc | 0.28 | 0.31 | 0.29 | 63 | Financial Services | |
| The Mercantile Investment Trust plc | 0.55 | 0.60 | 0.62 | 58 | Financial Services | |
| Murray International Trust | 0.60 | 0.61 | 0.62 | 93 | Financial Services | |
| The City of London Investment Trust plc | 0.61 | 0.60 | 0.62 | 80 | Financial Services |
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