Looking to diversify beyond FSKY.L? The ETFs below have the lowest correlation with FSKY.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 FSKY.L.
Best Diversifiers for FSKY.L
6 ETFs have low correlation with FSKY.L (below 0.3), 1 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 -0.05, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Low Duration Global Government Bond UC... | -0.05 | 0.06 | 0.09 | 64 | Global Bonds | FSKY.L vs FGOV.L | |
| First Trust Emerging Markets AlphaDEX UCITS ETF Ac... | 0.25 | 0.34 | 0.36 | 86 | Emerging Markets Equities | FSKY.L vs FEM.L | |
| First Trust Eurozone AlphaDEX® UCITS ETF Class B S... | 0.25 | 0.33 | 0.34 | 75 | Europe Equities | FSKY.L vs FEUD.L | |
| First Trust Eurozone AlphaDEX® UCITS ETF Class A S... | 0.27 | 0.38 | 0.41 | 58 | Europe Equities | FSKY.L vs FTEU.L | |
| KraneShares Electric Vehicles & Future Mobility ES... | 0.28 | 0.36 | — | 90 | Technology Equities | FSKY.L vs KARP.L |
See all 30 diversifiers for FSKY.L
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