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
15 ETFs have low correlation with FDN.L (below 0.3), 1 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 -0.02, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust FactorFX UCITS ETF Class A USD | -0.02 | 0.03 | 0.14 | 65 | Global Equities | FDN.L vs FTFX.L | |
| First Trust Low Duration Global Government Bond UC... | 0.01 | 0.11 | 0.11 | 71 | Global Bonds | FDN.L vs FGOV.L | |
| First Trust US Equity Income UCITS ETF | 0.08 | 0.23 | 0.32 | 81 | Dividend | FDN.L vs UINC.L | |
| First Trust US Equity Income UCITS ETF | 0.14 | 0.27 | 0.37 | 78 | Dividend | FDN.L vs UIND.L | |
| First Trust US Equity Income UCITS ETF Class B | 0.15 | 0.27 | 0.36 | 72 | Dividend | FDN.L vs UNCU.L |
See all 32 diversifiers for FDN.L
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