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
29 ETFs have low correlation with FLOA.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 -0.19, roughly unchanged from -0.18 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... | -0.19 | -0.12 | -0.19 | 55 | Preferred Stock/Convertible Bonds, Corporate Bonds, High Yield Bonds | FLOA.L vs AT1S.L | |
| iShares Core MSCI Europe UCITS ETF EUR (Acc) | -0.12 | -0.06 | -0.10 | 51 | Europe Equities | FLOA.L vs SMEA.L | |
| Xtrackers MSCI Brazil UCITS ETF 1C | -0.09 | 0.00 | 0.01 | 55 | Latin America Equities | FLOA.L vs XMBR.L | |
| iShares Bloomberg Roll Select Commodity Swap UCITS... | -0.06 | 0.00 | 0.02 | 71 | Commodities | FLOA.L vs ROLG.L | |
| Vanguard FTSE Emerging Markets UCITS ETF (USD) Acc... | -0.03 | 0.00 | 0.00 | 52 | Emerging Markets Equities | FLOA.L vs VFEG.L |
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