Looking to diversify beyond FRXD.L? The ETFs below have the lowest correlation with FRXD.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 FRXD.L.
Best Diversifiers for FRXD.L
4 ETFs have low correlation with FRXD.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 0.05, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Euro Short Maturity UCITS ETF | 0.05 | 0.03 | 0.04 | 87 | Global Equities | FRXD.L vs FLES.L | |
| Franklin FTSE Asia ex China ex Japan UCITS ETF | 0.18 | 0.28 | 0.34 | 80 | China Equities | FRXD.L vs FLQA.L | |
| Franklin FTSE Korea UCITS ETF | 0.21 | 0.31 | 0.41 | 92 | Global Equities | FRXD.L vs FLXK.L | |
| Franklin EM Multi-Factor Equity UCITS ETF | 0.28 | 0.30 | 0.39 | 51 | Global Equities | FRXD.L vs FREM.L | |
| Franklin S&P 500 Paris Aligned Climate UCITS ETF | 0.30 | 0.30 | 0.46 | 51 | Global Equities | FRXD.L vs USPA.L |
See all 22 diversifiers for FRXD.L
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