Looking to diversify beyond FLOA.L? The ETFs below have the lowest correlation with FLOA.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 FLOA.L.
Best Diversifiers for FLOA.L
21 ETFs have low correlation with FLOA.L (below 0.3), 1 of which are negatively correlated. The least correlated is iShares MSCI Japan UCITS ETF (Dist) (IJPN.L) (Japan Equities) with a 1Y correlation of -0.06, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI Japan UCITS ETF (Dist) | -0.06 | 0.02 | 0.01 | 60 | Japan Equities | FLOA.L vs IJPN.L | |
| Invesco USD AAA CLO UCITS ETF Acc | 0.01 | — | — | 97 | CLO, Bank Loan | FLOA.L vs ICLU.L | |
| Xtrackers USD Corporate Bond Short Duration SRI PA... | 0.01 | 0.02 | 0.02 | 71 | Corporate Bonds | FLOA.L vs XYLD.L | |
| iShares USD Short Duration Corporate Bond UCITS ET... | 0.03 | 0.09 | 0.09 | 79 | Corporate Bonds | FLOA.L vs SDIA.L | |
| iShares S&P 500 Information Technology Sector UCIT... | 0.06 | 0.08 | 0.13 | 70 | Technology Equities, S&P 500 | FLOA.L vs IITU.L |
See all 22 diversifiers for FLOA.L
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Diversification Analysis
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