Looking to diversify beyond FPX.L? The ETFs below have the lowest correlation with FPX.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 FPX.L.
Best Diversifiers for FPX.L
8 ETFs have low correlation with FPX.L (below 0.3), 2 of which are negatively correlated. The least correlated is First Trust US Equity Income UCITS ETF (UINC.L) (Dividend) with a 1Y correlation of -0.03, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust US Equity Income UCITS ETF | -0.03 | 0.25 | 0.38 | 81 | Dividend | FPX.L vs UINC.L | |
| First Trust FactorFX UCITS ETF Class A USD | -0.03 | 0.02 | 0.16 | 65 | Global Equities | FPX.L vs FTFX.L | |
| First Trust US Equity Income UCITS ETF Class B | 0.01 | 0.29 | 0.41 | 72 | Dividend | FPX.L vs UNCU.L | |
| First Trust US Equity Income UCITS ETF | 0.02 | 0.30 | 0.42 | 78 | Dividend | FPX.L vs UIND.L | |
| First Trust Low Duration Global Government Bond UC... | 0.08 | 0.09 | 0.09 | 71 | Global Bonds | FPX.L vs FGOV.L |
See all 41 diversifiers for FPX.L
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