Looking to diversify beyond FGBL.L? The ETFs below have the lowest correlation with FGBL.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 FGBL.L.
Best Diversifiers for FGBL.L
3 ETFs have low correlation with FGBL.L (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF USD (dist) (JPST.L) (Dividend) with a 1Y correlation of 0.04, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Inc... | 0.04 | 0.05 | -0.01 | 99 | Dividend | FGBL.L vs JPST.L | |
| First Trust Nasdaq Clean Edge Green Energy UCITS E... | 0.28 | 0.40 | 0.43 | 55 | Energy Equities | FGBL.L vs QCLN.L | |
| First Trust NYSE Arca Biotechnology UCITS ETF Acc | 0.29 | 0.34 | 0.36 | 82 | Health & Biotech Equities | FGBL.L vs FBT.L | |
| First Trust US Equity Income UCITS ETF | 0.38 | 0.54 | 0.61 | 81 | Dividend | FGBL.L vs UINC.L | |
| First Trust US Equity Income UCITS ETF Class B | 0.38 | 0.54 | 0.56 | 72 | Dividend | FGBL.L vs UNCU.L |
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