Looking to balance out your exposure to BA.L? The ETFs below have the lowest correlation with BA.L — they tend to move on their own, which can help reduce risk when BA.L drops. The stock ideas table highlights individual companies that behave independently from BA.L.
Best Diversifiers for BA.L
16 ETFs have low correlation with BA.L (below 0.3), 0 of which are negatively correlated. The least correlated is iShares MSCI World Quality Dividend ESG UCITS ETF USD (Dist) (WQDS.L) (Global Equities) with a 1Y correlation of 0.08, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI World Quality Dividend ESG UCITS ETF ... | 0.08 | 0.21 | 0.20 | 89 | Global Equities, Dividend | BA.L vs WQDS.L | |
| Vanguard FTSE Japan UCITS ETF Distributing | 0.09 | 0.20 | 0.16 | 57 | Japan Equities | BA.L vs VJPN.L | |
| Amundi Prime All Country World UCITS ETF Income | 0.10 | 0.14 | 0.14 | 86 | Global Equities | BA.L vs PACW.L | |
| Vanguard ESG Global All Cap UCITS ETF (USD) Accumu... | 0.11 | 0.20 | 0.16 | 79 | Global Equities | BA.L vs V3AB.L | |
| Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc | 0.11 | 0.11 | 0.11 | 50 | Financials Equities | BA.L vs BNKE.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BA.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BA.L and solid risk/return profiles. The least correlated is Coca Cola HBC AG (CCH.L) (Consumer Defensive) with a 1Y correlation of -0.05, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Coca Cola HBC AG | -0.05 | 0.09 | 0.08 | 52 | Consumer Defensive | |
| BP plc | 0.04 | 0.09 | 0.17 | 86 | Energy | |
| British American Tobacco plc | 0.04 | 0.09 | 0.18 | 80 | Consumer Defensive | |
| Games Workshop Group plc | 0.06 | 0.12 | 0.08 | 72 | Consumer Cyclical | |
| Rio Tinto PLC | 0.07 | 0.06 | 0.11 | 96 | Basic Materials |
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