Looking to diversify beyond FSML? The ETFs below have the lowest correlation with FSML — 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 FSML.
Best Diversifiers for FSML
1 ETFs have low correlation with FSML (below 0.3), 0 of which are negatively correlated. The least correlated is Franklin U.S. Low Volatility High Dividend Index ETF (LVHD) (Dividend) with a 1Y correlation of 0.21, roughly unchanged from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin U.S. Low Volatility High Dividend Index E... | 0.21 | 0.21 | 0.21 | 55 | Dividend | FSML vs LVHD | |
| Franklin International Low Volatility High Dividen... | 0.44 | 0.44 | 0.44 | 95 | Volatility Hedged Equity, Dividend | FSML vs LVHI | |
| Franklin FTSE Japan Hedged ETF | 0.58 | 0.58 | 0.58 | 88 | Japan Equities | FSML vs FLJH | |
| Franklin FTSE South Korea ETF | 0.61 | 0.61 | 0.61 | 94 | Asia Pacific Equities | FSML vs FLKR | |
| Franklin FTSE Japan ETF | 0.64 | 0.64 | 0.64 | 60 | Japan Equities | FSML vs FLJP |
See all 11 diversifiers for FSML
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