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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Amundi Nasdaq-100 UCITS USD | -0.01 | 0.09 | 0.12 | 78 | Nasdaq-100 | AZN.L vs ANXG.L | |
| Vanguard ESG Global All Cap UCITS ETF (USD) Accumu... | 0.17 | 0.23 | 0.24 | 80 | Global Equities | AZN.L vs V3AB.L | |
| Amundi MSCI Japan UCITS ETF Acc | 0.25 | 0.24 | 0.22 | 59 | Japan Equities | AZN.L vs LCJP.L |
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.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| GlaxoSmithKline plc | 0.65 | 0.53 | 0.53 | 74 | Healthcare |
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