Looking to balance out your exposure to 3IN.L? The ETFs below have the lowest correlation with 3IN.L — they tend to move on their own, which can help reduce risk when 3IN.L drops. The stock ideas table highlights individual companies that behave independently from 3IN.L.
Best Diversifiers for 3IN.L
7 ETFs have low correlation with 3IN.L (below 0.3), 1 of which are negatively correlated. The least correlated is iShares £ Ultrashort Bond UCITS ETF GBP (Dist) (ERNS.L) (Ultrashort Bond) with a 1Y correlation of -0.03, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | -0.03 | 0.00 | 0.04 | 98 | Ultrashort Bond | 3IN.L vs ERNS.L | |
| iShares MSCI EM Latin America UCITS ETF USD (Dist) | 0.16 | 0.20 | 0.16 | 62 | Latin America Equities | 3IN.L vs LTAM.L | |
| iShares Core MSCI World UCITS ETF USD (Acc) | 0.26 | 0.27 | 0.24 | 83 | Global Equities | 3IN.L vs SWDA.L | |
| Amundi Prime All Country World UCITS ETF Income | 0.27 | 0.26 | 0.26 | 86 | Global Equities | 3IN.L vs PACW.L | |
| Vanguard FTSE All-World UCITS ETF (USD) Accumulati... | 0.27 | 0.28 | 0.25 | 86 | Global Equities | 3IN.L vs VWRP.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from 3IN.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to 3IN.L and solid risk/return profiles. The least correlated is F&C Investment Trust plc (FCIT.L) (Financial Services) with a 1Y correlation of 0.28, roughly unchanged from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| F&C Investment Trust plc | 0.28 | 0.31 | 0.29 | 90 | Financial Services | |
| JP Morgan Global Growth & Income plc | 0.37 | 0.34 | 0.29 | 76 | Financial Services | |
| The City of London Investment Trust plc | 0.46 | 0.41 | 0.37 | 80 | Financial Services |
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