Looking to balance out your exposure to AAZ.L? The ETFs below have the lowest correlation with AAZ.L — they tend to move on their own, which can help reduce risk when AAZ.L drops. The stock ideas table highlights individual companies that behave independently from AAZ.L.
No Diversifiers Found for AAZ.L
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AAZ.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AAZ.L and solid risk/return profiles. The least correlated is Fresnillo plc (FRES.L) (Basic Materials) with a 1Y correlation of 0.33, up from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Fresnillo plc | 0.33 | 0.24 | 0.18 | 91 | Basic Materials |
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