Looking to balance out your exposure to ALTN.L? The ETFs below have the lowest correlation with ALTN.L — they tend to move on their own, which can help reduce risk when ALTN.L drops. The stock ideas table highlights individual companies that behave independently from ALTN.L.
Best Diversifiers for ALTN.L
27 ETFs have low correlation with ALTN.L (below 0.3), 1 of which are negatively correlated. The least correlated is iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) (IB01.L) (Government Bonds) with a 1Y correlation of -0.15, roughly unchanged from -0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) | -0.15 | -0.11 | -0.11 | 100 | Government Bonds, Ultrashort Bond | ALTN.L vs IB01.L | |
| iShares S&P 500 Information Technology Sector UCIT... | 0.00 | -0.03 | 0.00 | 70 | Technology Equities, S&P 500 | ALTN.L vs IITU.L | |
| Invesco Technology S&P US Select Sector UCITS ETF ... | 0.02 | -0.01 | 0.02 | 73 | Technology Equities | ALTN.L vs XLKQ.L | |
| Vanguard S&P 500 UCITS ETF | 0.04 | 0.00 | 0.02 | 82 | S&P 500 | ALTN.L vs VUSA.L | |
| Invesco EQQQ NASDAQ-100 UCITS ETF | 0.04 | -0.01 | 0.03 | 78 | Nasdaq-100 | ALTN.L vs EQQQ.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ALTN.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ALTN.L and solid risk/return profiles. The least correlated is Halyk Bank AO DRC (HSBK.L) (Financial Services) with a 1Y correlation of 0.06, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Halyk Bank AO DRC | 0.06 | 0.08 | 0.06 | 91 | Financial Services | |
| JP Morgan Global Growth & Income plc | 0.08 | 0.04 | 0.08 | 76 | Financial Services | |
| Fresnillo plc | 0.60 | 0.41 | 0.30 | 91 | Basic Materials |
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