Looking to balance out your exposure to ABF.L? The ETFs below have the lowest correlation with ABF.L — they tend to move on their own, which can help reduce risk when ABF.L drops. The stock ideas table highlights individual companies that behave independently from ABF.L.
Best Diversifiers for ABF.L
0 ETFs have low correlation with ABF.L (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard FTSE 100 UCITS ETF Distributing (VUKE.L) (Europe Equities) with a 1Y correlation of 0.36, down from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard FTSE 100 UCITS ETF Distributing | 0.36 | 0.41 | 0.48 | 56 | Europe Equities | ABF.L vs VUKE.L |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ABF.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ABF.L and solid risk/return profiles. The least correlated is BP plc (BP.L) (Energy) with a 1Y correlation of -0.10, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BP plc | -0.10 | 0.10 | 0.15 | 87 | Energy | |
| Games Workshop Group plc | 0.04 | 0.22 | 0.28 | 68 | Consumer Cyclical | |
| British American Tobacco plc | 0.06 | 0.15 | 0.17 | 79 | Consumer Defensive | |
| Glencore plc | 0.18 | 0.21 | 0.21 | 96 | Basic Materials | |
| M&G plc | 0.22 | 0.36 | 0.42 | 88 | Financial Services |
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