Looking to balance out your exposure to FLTR.L? The ETFs below have the lowest correlation with FLTR.L — they tend to move on their own, which can help reduce risk when FLTR.L drops. The stock ideas table highlights individual companies that behave independently from FLTR.L.
Best Diversifiers for FLTR.L
2 ETFs have low correlation with FLTR.L (below 0.3), 0 of which are negatively correlated. The least correlated is iShares MSCI UK UCITS ETF (Acc) (CSUK.L) (Europe Equities) with a 1Y correlation of 0.10, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI UK UCITS ETF (Acc) | 0.10 | 0.26 | 0.32 | 54 | Europe Equities | FLTR.L vs CSUK.L | |
| iShares S&P 500 GBP Hedged UCITS ETF | 0.18 | 0.33 | 0.40 | 71 | S&P 500 | FLTR.L vs IGUS.L |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FLTR.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FLTR.L and solid risk/return profiles. The least correlated is Tesco PLC (TSCO.L) (Consumer Defensive) with a 1Y correlation of -0.11, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tesco PLC | -0.11 | 0.01 | 0.10 | 66 | Consumer Defensive |
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