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
1 ETFs have low correlation with AUCO.L (below 0.3), 0 of which are negatively correlated. The least correlated is Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc (BNKE.L) (Financials Equities) with a 1Y correlation of 0.29, up from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc | 0.29 | 0.22 | 0.15 | 55 | Financials Equities | AUCO.L vs BNKE.L | |
| L&G New Energy Commodities UCITS ETF USD Acc | 0.39 | — | — | 88 | Commodities | AUCO.L vs ETRA.L | |
| L&G Hydrogen Economy UCITS ETF | 0.39 | 0.38 | 0.37 | 92 | Alternative Energy Equities | AUCO.L vs HTWG.L | |
| L&G Russell 2000 US Small Cap Quality UCITS ETF US... | 0.41 | 0.32 | 0.32 | 67 | Small Cap Blend Equities | AUCO.L vs RTWO.L | |
| L&G Global Equity UCITS ETF | 0.45 | 0.35 | 0.36 | 68 | Global Equities | AUCO.L vs LGGL.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 0.79, roughly unchanged from 0.71 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Fresnillo plc | 0.79 | 0.74 | 0.71 | 91 | Basic Materials |
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