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Aviva plc (AV.L) Diversifiers

Equity · Currency in GBp · Last updated Jun 4, 2026

Aviva plc provides various insurance, retirement, investment, and savings products in the United Kingdom, Ireland, Canada, and internationally. The company offers life insurance, long-term health and accident insurance, savings, pension, and annuity products, as well as pension fund business and lifetime mortgage products. It also provides insurance cover to individuals, small and medium-sized businesses for risks associated with motor vehicles and medical expenses, as well as property and liability, such as employers' and professional indemnity liabilities. In addition, the company provides investment management services for institutional pension fund mandates; and manages various retail investment products, including investment funds, unit trusts, open-ended investment companies, and individual savings accounts for third-party financial institutions, pension funds, public sector organizations, investment professionals, and private investors. It markets its products through a network of insurance brokers, as well as MyAviva platform. The company was formerly known as CGNU plc and changed its name to Aviva plc in July 2002. Aviva plc was founded in 1696 and is headquartered in London, the United Kingdom.

Looking to balance out your exposure to AV.L? The ETFs below have the lowest correlation with AV.L — they tend to move on their own, which can help reduce risk when AV.L drops. The stock ideas table highlights individual companies that behave independently from AV.L.

Best Diversifiers for AV.L

0 ETFs have low correlation with AV.L (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 UCITS ETF (USD) Accumulating (VUAG.L) (S&P 500) with a 1Y correlation of 0.31, roughly unchanged from 0.30 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
VUAG.L
Vanguard S&P 500 UCITS ETF (USD) Accumulating0.310.270.30
80
S&P 500AV.L vs VUAG.L
VWRL.L
Vanguard FTSE All-World UCITS ETF Distributing0.340.370.38
85
Global EquitiesAV.L vs VWRL.L
VUKE.L
Vanguard FTSE 100 UCITS ETF Distributing0.560.610.62
53
Europe EquitiesAV.L vs VUKE.L

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from AV.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AV.L and solid risk/return profiles. The least correlated is BP plc (BP.L) (Energy) with a 1Y correlation of -0.12, down from 0.23 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
BP.L
BP plc-0.120.110.23
86
Energy
GLEN.L
Glencore plc0.130.240.27
96
Basic Materials
FERG.L
Ferguson plc0.180.230.29
57
Industrials
NG.L
National Grid plc0.220.310.26
67
Utilities
BATS.L
British American Tobacco plc0.230.270.26
80
Consumer Defensive
See all 13 low-correlation stocks for AV.L

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Diversification Analysis

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