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

Best Diversifiers for AZN.L

3 ETFs have low correlation with AZN.L (below 0.3), 1 of which are negatively correlated. The least correlated is Amundi Nasdaq-100 UCITS USD (ANXG.L) (Nasdaq-100) with a 1Y correlation of -0.01, down from 0.12 over 5 years.


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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from AZN.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to AZN.L and solid risk/return profiles. The least correlated is GlaxoSmithKline plc (GSK.L) (Healthcare) with a 1Y correlation of 0.65, up from 0.53 over 5 years.


SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
GlaxoSmithKline plc0.650.530.53
74
Healthcare

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Diversification Analysis

Build a portfolio that complements AZN.L

Add AZN.L to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with AZN.L