Looking to diversify beyond FRQX.L? The ETFs below have the lowest correlation with FRQX.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 FRQX.L.
Best Diversifiers for FRQX.L
2 ETFs have low correlation with FRQX.L (below 0.3), 0 of which are negatively correlated. The least correlated is Franklin European Quality Dividend UCITS ETF (FLXD.L) (Europe Equities) with a 1Y correlation of 0.02, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin European Quality Dividend UCITS ETF | 0.02 | 0.25 | 0.31 | 80 | Europe Equities | FRQX.L vs FLXD.L | |
| SPDR MSCI Europe Utilities UCITS ETF | 0.09 | 0.16 | 0.16 | 57 | Utilities Equities | FRQX.L vs UTIL.L | |
| Lyxor MSCI Pacific Ex Japan UCITS ETF | 0.34 | — | — | 65 | Asia Pacific Equities | FRQX.L vs PAXJ.L | |
| iShares Asia Pacific Dividend UCITS | 0.37 | 0.53 | 0.57 | 93 | Asia Pacific Equities | FRQX.L vs IAPD.L | |
| iShares Core MSCI Japan IMI UCITS ETF | 0.37 | 0.44 | 0.44 | 60 | Japan Equities | FRQX.L vs SJPA.L |
See all 23 diversifiers for FRQX.L
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