Looking to diversify beyond FRGD.L? The ETFs below have the lowest correlation with FRGD.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 FRGD.L.
Best Diversifiers for FRGD.L
2 ETFs have low correlation with FRGD.L (below 0.3), 0 of which are negatively correlated. The least correlated is Franklin Euro Short Maturity UCITS ETF (FLES.L) (Global Equities) with a 1Y correlation of 0.16, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Euro Short Maturity UCITS ETF | 0.16 | 0.13 | 0.11 | 87 | Global Equities | FRGD.L vs FLES.L | |
| JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Inc... | 0.24 | 0.15 | 0.12 | 99 | Dividend | FRGD.L vs JPST.L | |
| Franklin FTSE Korea UCITS ETF | 0.43 | 0.46 | 0.54 | 92 | Global Equities | FRGD.L vs FLXK.L | |
| Franklin FTSE Brazil UCITS ETF | 0.49 | 0.43 | 0.44 | 55 | Global Equities | FRGD.L vs FLXB.L | |
| Franklin FTSE Asia ex China ex Japan UCITS ETF | 0.52 | 0.55 | 0.60 | 80 | China Equities | FRGD.L vs FLQA.L |
See all 20 diversifiers for FRGD.L
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