Looking to diversify beyond FNCL.L? The ETFs below have the lowest correlation with FNCL.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 FNCL.L.
Best Diversifiers for FNCL.L
0 ETFs have low correlation with FNCL.L (below 0.3), 0 of which are negatively correlated. The least correlated is SPDR MSCI USA Small Cap Value Weighted UCITS ETF (USSC.L) (Small Cap Value Equities) with a 1Y correlation of 0.44, down from 0.58 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR MSCI USA Small Cap Value Weighted UCITS ETF | 0.44 | 0.52 | 0.58 | 71 | Small Cap Value Equities | FNCL.L vs USSC.L | |
| SPDR S&P 500 UCITS ETF | 0.48 | 0.40 | 0.47 | 81 | S&P 500 | FNCL.L vs SPX5.L | |
| State Street SPDR S&P 500 UCITS ETF | 0.51 | 0.44 | 0.51 | 74 | S&P 500 | FNCL.L vs SPY5.L | |
| SPDR S&P 500 UCITS ETF USD Acc | 0.51 | — | — | 73 | S&P 500 | FNCL.L vs SPYL.L | |
| SPDR MSCI ACWI UCITS ETF | 0.60 | 0.56 | 0.59 | 85 | Global Equities | FNCL.L vs ACWI.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FNCL.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FNCL.L and solid risk/return profiles. The least correlated is F&C Investment Trust plc (FCIT.L) (Financial Services) with a 1Y correlation of 0.61, roughly unchanged from 0.59 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| F&C Investment Trust plc | 0.61 | 0.56 | 0.59 | 89 | Financial Services |
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