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
17 ETFs have low correlation with BA.L (below 0.3), 0 of which are negatively correlated. The least correlated is iShares MSCI EM Asia UCITS ETF (Acc) (CEA1.L) (Asia Pacific Equities) with a 1Y correlation of 0.06, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI EM Asia UCITS ETF (Acc) | 0.06 | 0.08 | 0.09 | 69 | Asia Pacific Equities | BA.L vs CEA1.L | |
| Vanguard FTSE Japan UCITS ETF Distributing | 0.09 | 0.18 | 0.15 | 71 | Japan Equities, Asia Pacific Equities | BA.L vs VJPN.L | |
| iShares MSCI World Quality Dividend ESG UCITS ETF ... | 0.09 | 0.19 | 0.19 | 91 | Global Equities, Dividend | BA.L vs WQDS.L | |
| iShares Core MSCI Emerging Markets IMI UCITS ETF (... | 0.09 | 0.09 | 0.11 | 67 | Emerging Markets Equities | BA.L vs EMIM.L | |
| Vanguard ESG Global All Cap UCITS ETF (USD) Accumu... | 0.11 | 0.17 | 0.15 | 72 | Global Equities | BA.L vs V3AB.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 | 0.10 | 0.08 | 75 | Consumer Defensive | |
| Bunzl plc | -0.01 | 0.09 | 0.10 | 71 | Consumer Defensive | |
| Games Workshop Group plc | 0.03 | 0.11 | 0.07 | 78 | Consumer Cyclical | |
| British American Tobacco plc | 0.03 | 0.09 | 0.18 | 71 | Consumer Defensive | |
| BP plc | 0.04 | 0.09 | 0.17 | 75 | Energy |
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