Looking to diversify beyond FLO5.L? The ETFs below have the lowest correlation with FLO5.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 FLO5.L.
Best Diversifiers for FLO5.L
13 ETFs have low correlation with FLO5.L (below 0.3), 10 of which are negatively correlated. The least correlated is Invesco USD AT1 CoCo Bond UCITS ETF GBP Hedged Dist (AT1S.L) (Preferred Stock/Convertible Bonds) with a 1Y correlation of -0.27, roughly unchanged from -0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco USD AT1 CoCo Bond UCITS ETF GBP Hedged Dis... | -0.27 | -0.20 | -0.27 | 55 | Preferred Stock/Convertible Bonds, Corporate Bonds, High Yield Bonds | FLO5.L vs AT1S.L | |
| Amundi ETF MSCI Europe Banks UCITS ETF | -0.27 | -0.23 | -0.22 | 83 | Financials Equities | FLO5.L vs CB5.L | |
| iShares Core MSCI EM IMI UCITS ETF | -0.16 | -0.11 | -0.10 | 62 | Emerging Markets Equities | FLO5.L vs EIMI.L | |
| iShares USD Ultrashort Bond UCITS ETF USD (Acc) | -0.10 | -0.05 | 0.00 | 97 | Corporate Bonds | FLO5.L vs ERNA.L | |
| PIMCO US Short-Term High Yield Corporate Bond Inde... | -0.08 | -0.07 | -0.09 | 79 | High Yield Bonds | FLO5.L vs STYC.L |
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