Looking to balance out your exposure to ASL.L? The ETFs below have the lowest correlation with ASL.L — they tend to move on their own, which can help reduce risk when ASL.L drops. The stock ideas table highlights individual companies that behave independently from ASL.L.
Best Diversifiers for ASL.L
0 ETFs have low correlation with ASL.L (below 0.3), 0 of which are negatively correlated. The least correlated is Scottish Mortgage Investment Trust plc (SMT.L) (Global Equities) with a 1Y correlation of 0.44, roughly unchanged from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Scottish Mortgage Investment Trust plc | 0.44 | 0.47 | 0.48 | 83 | Global Equities | ASL.L vs SMT.L | |
| HSBC FTSE 100 UCITS ETF GBP | 0.56 | 0.52 | 0.54 | 53 | Europe Equities | ASL.L vs HUKX.L | |
| iShares UK Dividend UCITS ETF | 0.56 | 0.54 | 0.57 | 56 | Dividend | ASL.L vs IUKD.L |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ASL.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ASL.L and solid risk/return profiles. The least correlated is National Grid plc (NG.L) (Utilities) with a 1Y correlation of 0.12, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| National Grid plc | 0.12 | 0.15 | 0.14 | 67 | Utilities | |
| Legal & General Group plc | 0.44 | 0.47 | 0.50 | 60 | Financial Services |
Build a portfolio that complements ASL.L
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