Looking to diversify beyond AUCP.L? The ETFs below have the lowest correlation with AUCP.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 AUCP.L.
Best Diversifiers for AUCP.L
18 ETFs have low correlation with AUCP.L (below 0.3), 1 of which are negatively correlated. The least correlated is L&G Multi-Strategy Enhanced Commodities UCITS ETF (ENCG.L) (Commodities) with a 1Y correlation of -0.08, down from 0.09 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| L&G Multi-Strategy Enhanced Commodities UCITS ETF | -0.08 | 0.09 | — | 61 | Commodities | AUCP.L vs ENCG.L | |
| L&G All Commodities UCITS ETF | 0.04 | 0.18 | 0.21 | 64 | Commodities | AUCP.L vs BCOG.L | |
| L&G Longer Dated All Commodities UCITS ETF | 0.08 | 0.21 | 0.23 | 69 | Commodities | AUCP.L vs CMFP.L | |
| Avantis Global Small Cap Value UCITS ETF USD Acc | 0.10 | — | — | 89 | Small Cap Value Equities | AUCP.L vs AVSG.L | |
| L&G US Equity UCITS ETF | 0.17 | 0.12 | 0.11 | 78 | Large Cap Blend Equities | AUCP.L vs LGUG.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from AUCP.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AUCP.L and solid risk/return profiles. The least correlated is Greatland Gold plc (GGP.L) (Basic Materials) with a 1Y correlation of 0.52, up from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Greatland Gold plc | 0.52 | 0.31 | 0.25 | 87 | Basic Materials | |
| Hochschild Mining plc | 0.77 | 0.62 | 0.60 | 81 | Basic Materials | |
| Fresnillo plc | 0.77 | 0.71 | 0.67 | 91 | Basic Materials |
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