Looking to diversify beyond FGOV.L? The ETFs below have the lowest correlation with FGOV.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 FGOV.L.
Best Diversifiers for FGOV.L
12 ETFs have low correlation with FGOV.L (below 0.3), 0 of which are negatively correlated. The least correlated is iShares € Corp Bond Interest Rate Hedged ESG SRI UCITS ETF EUR (Dist) (IRCP.L) (Global Bonds) with a 1Y correlation of 0.02, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares € Corp Bond Interest Rate Hedged ESG SRI U... | 0.02 | 0.03 | 0.04 | 56 | Global Bonds | FGOV.L vs IRCP.L | |
| iShares China CNY Bond UCITS ETF GBP Hedged (Dist) | 0.05 | 0.05 | 0.09 | 64 | Emerging Markets Bonds, Government Bonds | FGOV.L vs CYGB.L | |
| First Trust NYSE Arca Biotechnology UCITS ETF Acc | 0.05 | 0.12 | 0.09 | 82 | Health & Biotech Equities | FGOV.L vs FBT.L | |
| iShares $ Corp Bond Interest Rate Hedged UCITS ETF... | 0.06 | 0.07 | 0.14 | 62 | Global Bonds | FGOV.L vs LQDH.L | |
| First Trust Nasdaq Clean Edge Green Energy UCITS E... | 0.09 | 0.10 | 0.07 | 55 | Energy Equities | FGOV.L vs QCLN.L |
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