Looking to diversify beyond FWRA.L? The ETFs below have the lowest correlation with FWRA.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 FWRA.L.
Best Diversifiers for FWRA.L
6 ETFs have low correlation with FWRA.L (below 0.3), 5 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco US Energy Sector UCITS ETF | -0.16 | — | — | 57 | Energy Equities | FWRA.L vs XLEP.L | |
| Invesco Bloomberg Commodity UCITS ETF Acc | -0.15 | — | — | 67 | Commodities | FWRA.L vs CMOP.L | |
| Invesco S&P World Energy Targeted & Screened UCITS... | -0.09 | — | — | 66 | Energy Equities | FWRA.L vs WDEE.L | |
| Invesco US Treasury Bond 0-1 Year UCITS ETF GBP He... | -0.06 | — | — | 97 | Short-Term Bond | FWRA.L vs TIGB.L | |
| Invesco USD AAA CLO UCITS ETF Acc | -0.02 | — | — | 97 | CLO, Bank Loan | FWRA.L vs ICLU.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from FWRA.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to FWRA.L and solid risk/return profiles. The least correlated is British American Tobacco plc (BATS.L) (Consumer Defensive) with a 1Y correlation of 0.04, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| British American Tobacco plc | 0.04 | 0.11 | 0.11 | 79 | Consumer Defensive |
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