Looking to diversify beyond ALUM.L? The ETFs below have the lowest correlation with ALUM.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 ALUM.L.
Best Diversifiers for ALUM.L
6 ETFs have low correlation with ALUM.L (below 0.3), 0 of which are negatively correlated. The least correlated is WisdomTree Global Quality Dividend Growth UCITS ETF - USD Acc (GGRG.L) (Global Equities) with a 1Y correlation of 0.11, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Global Quality Dividend Growth UCITS ET... | 0.11 | 0.18 | 0.24 | 57 | Global Equities, Dividend | ALUM.L vs GGRG.L | |
| WisdomTree Global Quality Dividend Growth UCITS ET... | 0.14 | 0.19 | 0.25 | 62 | Global Equities, Dividend | ALUM.L vs GGRP.L | |
| WisdomTree US Quality Dividend Growth UCITS ETF US... | 0.16 | 0.17 | 0.21 | 51 | Large Cap Blend Equities, Dividend | ALUM.L vs DGRA.L | |
| WisdomTree S&P 500 3x Daily Leveraged GB | 0.22 | 0.22 | 0.25 | 53 | Leveraged Equities, S&P 500 | ALUM.L vs 3USL.L | |
| WisdomTree NASDAQ 100 3x Daily Leveraged | 0.25 | 0.22 | 0.23 | 55 | Nasdaq-100, Leveraged Equities | ALUM.L vs QQQ3.L |
See all 7 diversifiers for ALUM.L
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