Looking to balance out your exposure to FRAS.L? The ETFs below have the lowest correlation with FRAS.L — they tend to move on their own, which can help reduce risk when FRAS.L drops. The stock ideas table highlights individual companies that behave independently from FRAS.L.
No Diversifiers Found for FRAS.L
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FRAS.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FRAS.L and solid risk/return profiles. The least correlated is Tesco PLC (TSCO.L) (Consumer Defensive) with a 1Y correlation of 0.10, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tesco PLC | 0.10 | 0.15 | 0.24 | 69 | Consumer Defensive |
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