Looking to diversify beyond FLXD.L? The ETFs below have the lowest correlation with FLXD.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 FLXD.L.
Best Diversifiers for FLXD.L
9 ETFs have low correlation with FLXD.L (below 0.3), 0 of which are negatively correlated. The least correlated is Franklin AC Asia ex Japan UCITS ETF (FRQX.L) (Asia Pacific Equities) with a 1Y correlation of 0.03, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin AC Asia ex Japan UCITS ETF | 0.03 | 0.27 | 0.31 | 94 | Asia Pacific Equities | FLXD.L vs FRQX.L | |
| Franklin FTSE Taiwan UCITS ETF | 0.03 | 0.17 | — | 97 | Asia Pacific Equities | FLXD.L vs FRXT.L | |
| Franklin FTSE Korea UCITS ETF | 0.04 | 0.23 | 0.29 | 97 | Asia Pacific Equities | FLXD.L vs FLRK.L | |
| Xtrackers MSCI USA Information Technology UCITS ET... | 0.06 | 0.12 | 0.23 | 70 | Technology Equities | FLXD.L vs XSTC.L | |
| JPMorgan Eurozone Research Enhanced Index Equity (... | 0.12 | — | — | 99 | Europe Equities | FLXD.L vs JRDZ.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FLXD.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FLXD.L and solid risk/return profiles. The least correlated is Coca Cola HBC AG (CCH.L) (Consumer Defensive) with a 1Y correlation of 0.36, roughly unchanged from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Coca Cola HBC AG | 0.36 | 0.32 | 0.35 | 54 | Consumer Defensive |
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