Looking to diversify beyond ANXG.L? The ETFs below have the lowest correlation with ANXG.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 ANXG.L.
Best Diversifiers for ANXG.L
2 ETFs have low correlation with ANXG.L (below 0.3), 1 of which are negatively correlated. The least correlated is Lyxor Smart Overnight Return UCITS ETF C-GBP (CSH2.L) (Money Market) with a 1Y correlation of -0.11, roughly unchanged from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lyxor Smart Overnight Return UCITS ETF C-GBP | -0.11 | -0.07 | -0.04 | 99 | Money Market | ANXG.L vs CSH2.L | |
| Amundi FTSE 100 UCITS ETF | 0.28 | 0.31 | 0.36 | 55 | Europe Equities | ANXG.L vs 100D.L | |
| Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc | 0.33 | 0.24 | 0.27 | 55 | Financials Equities | ANXG.L vs BNKE.L | |
| Amundi MSCI Japan UCITS ETF Acc | 0.40 | 0.43 | 0.48 | 59 | Japan Equities | ANXG.L vs LCJP.L | |
| Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP | 0.54 | 0.65 | — | 71 | Nasdaq-100, Options Trading | ANXG.L vs QYLP.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ANXG.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ANXG.L and solid risk/return profiles. The least correlated is AstraZeneca plc (AZN.L) (Healthcare) with a 1Y correlation of -0.01, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AstraZeneca plc | -0.01 | 0.09 | 0.12 | 74 | Healthcare | |
| Legal & General Group plc | 0.22 | 0.25 | 0.30 | 63 | Financial Services |
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