Looking to diversify beyond FDN.L? The ETFs below have the lowest correlation with FDN.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 FDN.L.
Best Diversifiers for FDN.L
2 ETFs have low correlation with FDN.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 0.02, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Low Duration Global Government Bond UC... | 0.02 | 0.10 | 0.11 | 64 | Global Bonds | FDN.L vs FGOV.L | |
| First Trust Emerging Markets AlphaDEX UCITS ETF Ac... | 0.26 | 0.35 | 0.36 | 86 | Emerging Markets Equities | FDN.L vs FEM.L | |
| KraneShares Electric Vehicles & Future Mobility ES... | 0.30 | 0.35 | — | 90 | Technology Equities | FDN.L vs KARP.L | |
| First Trust US Large Cap Core AlphaDEX UCITS Class... | 0.32 | 0.48 | 0.50 | 93 | Large Cap Blend Equities | FDN.L vs FEXD.L | |
| Global X Data Center REITs & Digital Infrastructur... | 0.34 | 0.45 | — | 93 | Technology Equities | FDN.L vs VPNG.L |
See all 31 diversifiers for FDN.L
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