Looking to diversify beyond AUCO.L? The ETFs below have the lowest correlation with AUCO.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 AUCO.L.
Best Diversifiers for AUCO.L
5 ETFs have low correlation with AUCO.L (below 0.3), 0 of which are negatively correlated. The least correlated is L&G Multi-Strategy Enhanced Commodities UCITS ETF USD (Acc) (ENCO.L) (Commodities) with a 1Y correlation of 0.04, down from 0.19 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| L&G Multi-Strategy Enhanced Commodities UCITS ETF ... | 0.04 | 0.19 | — | 57 | Commodities | AUCO.L vs ENCO.L | |
| L&G Cyber Security UCITS ETF | 0.11 | 0.18 | 0.23 | 51 | Cybersecurity | AUCO.L vs ISPY.L | |
| L&G All Commodities UCITS ETF - USD Accumulating E... | 0.14 | 0.30 | 0.36 | 64 | Commodities | AUCO.L vs BCOM.L | |
| L&G Cyber Security UCITS ETF USD (Acc) | 0.18 | 0.20 | 0.25 | 55 | Technology Equities, Mid Cap Growth Equities | AUCO.L vs USPY.L | |
| L&G Longer Dated All Commodities UCITS ETF | 0.25 | 0.36 | 0.40 | 63 | Commodities | AUCO.L vs COMF.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AUCO.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AUCO.L and solid risk/return profiles. The least correlated is Fresnillo plc (FRES.L) (Basic Materials) with a 1Y correlation of 0.83, up from 0.72 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Fresnillo plc | 0.83 | 0.75 | 0.72 | 76 | Basic Materials |
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