Looking to diversify beyond AGBP.L? The ETFs below have the lowest correlation with AGBP.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 AGBP.L.
Best Diversifiers for AGBP.L
22 ETFs have low correlation with AGBP.L (below 0.3), 2 of which are negatively correlated. The least correlated is First Trust FactorFX UCITS ETF Class A USD (Acc) (FTFX.L) (Currency) with a 1Y correlation of -0.07, up from -0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust FactorFX UCITS ETF Class A USD (Acc) | -0.07 | -0.18 | -0.18 | 71 | Currency, Global Bonds, Sovereign Bonds, Short Term Bonds, Multi-Factor | AGBP.L vs FTFX.L | |
| iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | -0.05 | 0.08 | 0.13 | 99 | Ultrashort Bond | AGBP.L vs ERNS.L | |
| Amundi Smart Overnight Return UCITS ETF GBP Hedged... | 0.01 | 0.05 | 0.05 | 99 | Money Market | AGBP.L vs CSH2.L | |
| iShares USD High Yield Corporate Bond ESG UCITS ET... | 0.08 | 0.15 | 0.13 | 56 | High Yield Bonds | AGBP.L vs DHYA.L | |
| JPM Nasdaq Equity Premium Income Active UCITS ETF ... | 0.11 | — | — | 70 | Nasdaq-100, Derivative Income | AGBP.L vs JEQP.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AGBP.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AGBP.L and solid risk/return profiles. The least correlated is British American Tobacco plc (BATS.L) (Consumer Defensive) with a 1Y correlation of 0.11, up from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| British American Tobacco plc | 0.11 | 0.08 | -0.03 | 77 | Consumer Defensive | |
| Rolls-Royce Holdings PLC | 0.24 | 0.10 | 0.03 | 75 | Industrials | |
| The City of London Investment Trust plc | 0.36 | 0.24 | 0.14 | 86 | Financial Services |
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