Looking to diversify beyond PARI.L? The ETFs below have the lowest correlation with PARI.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 PARI.L.
Best Diversifiers for PARI.L
1 ETFs have low correlation with PARI.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 0.20, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin Euro Short Maturity UCITS ETF | 0.20 | 0.10 | 0.10 | 87 | Global Equities | PARI.L vs FLES.L | |
| Franklin FTSE Brazil UCITS ETF | 0.40 | 0.36 | 0.34 | 55 | Global Equities | PARI.L vs FLXB.L | |
| Franklin FTSE Korea UCITS ETF | 0.43 | 0.43 | 0.45 | 92 | Global Equities | PARI.L vs FLXK.L | |
| Franklin European Quality Dividend UCITS ETF | 0.51 | 0.51 | 0.61 | 80 | Europe Equities | PARI.L vs FLXD.L | |
| Franklin FTSE Asia ex China ex Japan UCITS ETF | 0.53 | 0.53 | 0.50 | 80 | China Equities | PARI.L vs FLQA.L |
See all 21 diversifiers for PARI.L
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements PARI.L
Add PARI.L to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PARI.L