Looking to diversify beyond FLQA.L? The ETFs below have the lowest correlation with FLQA.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 FLQA.L.
Best Diversifiers for FLQA.L
2 ETFs have low correlation with FLQA.L (below 0.3), 0 of which are negatively correlated. The least correlated is Franklin European Quality Dividend UCITS ETF (FRXD.L) (Europe Equities) with a 1Y correlation of 0.18, down from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin European Quality Dividend UCITS ETF | 0.18 | 0.28 | 0.34 | 86 | Europe Equities | FLQA.L vs FRXD.L | |
| Franklin Euro Short Maturity UCITS ETF | 0.22 | 0.26 | 0.32 | 87 | Global Equities | FLQA.L vs FLES.L | |
| Franklin Global Quality Dividend UCITS ETF | 0.34 | 0.38 | 0.43 | 79 | Dividend | FLQA.L vs FLXX.L | |
| Invesco S&P China A MidCap 500 Swap UCITS ETF Acc | 0.41 | 0.35 | — | 84 | China Equities, Asia Pacific Equities | FLQA.L vs CM5S.L | |
| Xtrackers Harvest CSI 300 UCITS ETF 1D | 0.47 | 0.40 | 0.50 | 66 | China Equities, Asia Pacific Equities | FLQA.L vs RQFI.L |
See all 16 diversifiers for FLQA.L
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Diversification Analysis
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