Looking to diversify beyond FLES.L? The ETFs below have the lowest correlation with FLES.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 FLES.L.
Best Diversifiers for FLES.L
25 ETFs have low correlation with FLES.L (below 0.3), 2 of which are negatively correlated. The least correlated is PIMCO ETFs PLC - US Dollar Short Maturity UCITS ETF (MINT.L) (Global Equities) with a 1Y correlation of -0.04, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO ETFs PLC - US Dollar Short Maturity UCITS ET... | -0.04 | 0.07 | 0.07 | 99 | Global Equities | FLES.L vs MINT.L | |
| State Street SPDR MSCI World Energy UCITS ETF | -0.02 | 0.03 | 0.12 | 55 | Global Equities | FLES.L vs WNRG.L | |
| L&G All Commodities UCITS ETF - USD Accumulating E... | 0.00 | 0.09 | 0.14 | 59 | Commodities | FLES.L vs BCOM.L | |
| First Trust Indxx NextG UCITS ETF | 0.04 | -0.00 | -0.06 | 55 | Global Equities | FLES.L vs NXTG.L | |
| PIMCO US Dollar Short Maturity UCITS ETF Instituti... | 0.05 | 0.00 | -0.01 | 100 | Global Equities | FLES.L vs MIST.L |
See all 27 diversifiers for FLES.L
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