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
2 ETFs have low correlation with FPX.L (below 0.3), 0 of which are negatively correlated. The least correlated is First Trust Low Duration Global Government Bond UCITS ETF GBP Hedged dist (FGOV.L) (Global Bonds) with a 1Y correlation of 0.04, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Low Duration Global Government Bond UC... | 0.04 | 0.09 | 0.08 | 65 | Global Bonds | FPX.L vs FGOV.L | |
| First Trust NYSE Arca Biotechnology UCITS ETF Acc | 0.26 | 0.25 | 0.32 | 56 | Health & Biotech Equities | FPX.L vs FBT.L | |
| First Trust Emerging Markets AlphaDEX UCITS ETF Ac... | 0.41 | 0.36 | 0.39 | 84 | Emerging Markets Equities | FPX.L vs FEM.L | |
| First Trust Eurozone AlphaDEX® UCITS ETF Class B S... | 0.46 | 0.39 | 0.40 | 76 | Europe Equities | FPX.L vs FEUD.L | |
| First Trust Eurozone AlphaDEX® UCITS ETF Class A S... | 0.47 | 0.42 | 0.44 | 58 | Europe Equities | FPX.L vs FTEU.L |
See all 31 diversifiers for FPX.L
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