Looking to diversify beyond FLXK.DE? The ETFs below have the lowest correlation with FLXK.DE — 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 FLXK.DE.
Best Diversifiers for FLXK.DE
3 ETFs have low correlation with FLXK.DE (below 0.3), 0 of which are negatively correlated. The least correlated is SPDR MSCI Europe Utilities UCITS ETF (SPYU.DE) (Utilities Equities) with a 1Y correlation of 0.15, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR MSCI Europe Utilities UCITS ETF | 0.15 | 0.14 | 0.19 | 71 | Utilities Equities | FLXK.DE vs SPYU.DE | |
| Franklin European Quality Dividend UCITS ETF | 0.16 | 0.25 | 0.33 | 84 | Europe Equities | FLXK.DE vs FLXD.DE | |
| Franklin Global Quality Dividend UCITS ETF | 0.29 | 0.32 | 0.39 | 88 | Global Equity Income | FLXK.DE vs FLXX.DE | |
| Ossiam Shiller Barclays CAPE® Global Sector Value... | 0.33 | — | — | 54 | Europe Equities | FLXK.DE vs EUPA.DE | |
| L&G Quality Equity Dividends ESG Exclusions Europe... | 0.36 | 0.41 | — | 85 | Europe Equities | FLXK.DE vs LGGE.DE |
See all 42 diversifiers for FLXK.DE
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