Looking to diversify beyond FKUD.L? The ETFs below have the lowest correlation with FKUD.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 FKUD.L.
Best Diversifiers for FKUD.L
1 ETFs have low correlation with FKUD.L (below 0.3), 0 of which are negatively correlated. The least correlated is First Trust NYSE Arca Biotechnology UCITS ETF Acc (FBT.L) (Health & Biotech Equities) with a 1Y correlation of 0.30, roughly unchanged from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust NYSE Arca Biotechnology UCITS ETF Acc | 0.30 | 0.22 | 0.23 | 56 | Health & Biotech Equities | FKUD.L vs FBT.L | |
| JPMorgan Eurozone Research Enhanced Index Equity (... | 0.33 | 0.22 | 0.22 | 99 | Europe Equities | FKUD.L vs JRDZ.L | |
| First Trust US IPO Index UCITS ETF | 0.37 | 0.42 | 0.43 | 54 | Large Cap Growth Equities | FKUD.L vs FPX.L | |
| First Trust Nasdaq Clean Edge Green Energy UCITS E... | 0.41 | 0.49 | 0.47 | 90 | Energy Equities | FKUD.L vs QCLN.L | |
| UBS ETF (LU) Factor MSCI EMU Prime Value UCITS ETF... | 0.45 | 0.29 | 0.25 | 90 | Europe Equities | FKUD.L vs UD03.L |
See all 18 diversifiers for FKUD.L
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