Looking to balance out your exposure to FEV.L? The ETFs below have the lowest correlation with FEV.L — they tend to move on their own, which can help reduce risk when FEV.L drops. The stock ideas table highlights individual companies that behave independently from FEV.L.
Best Diversifiers for FEV.L
0 ETFs have low correlation with FEV.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 0.54, roughly unchanged from 0.57 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Scottish Mortgage Investment Trust plc | 0.54 | 0.57 | 0.57 | 79 | Global Equities | FEV.L vs SMT.L | |
| iShares EURO Dividend UCITS | 0.58 | 0.63 | 0.65 | 61 | Europe Equities | FEV.L vs IDVY.L | |
| HSBC FTSE 100 UCITS ETF GBP | 0.64 | 0.67 | 0.67 | 55 | Europe Equities | FEV.L vs HUKX.L |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FEV.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FEV.L and solid risk/return profiles. The least correlated is National Grid plc (NG.L) (Utilities) with a 1Y correlation of 0.15, roughly unchanged from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| National Grid plc | 0.15 | 0.16 | 0.18 | 68 | Utilities | |
| Legal & General Group plc | 0.40 | 0.50 | 0.53 | 63 | Financial Services | |
| Aberforth Smaller Companies Trust plc | 0.56 | 0.59 | 0.61 | 60 | Financial Services | |
| JP Morgan Global Growth & Income plc | 0.64 | 0.62 | 0.62 | 76 | Financial Services |
Build a portfolio that complements FEV.L
Add FEV.L to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with FEV.L