Looking to balance out your exposure to BAG.L? The ETFs below have the lowest correlation with BAG.L — they tend to move on their own, which can help reduce risk when BAG.L drops. The stock ideas table highlights individual companies that behave independently from BAG.L.
Best Diversifiers for BAG.L
1 ETFs have low correlation with BAG.L (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard FTSE 100 UCITS ETF Distributing (VUKE.L) (Europe Equities) with a 1Y correlation of 0.22, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard FTSE 100 UCITS ETF Distributing | 0.22 | 0.24 | 0.24 | 56 | Europe Equities | BAG.L vs VUKE.L |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BAG.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BAG.L and solid risk/return profiles. The least correlated is BP plc (BP.L) (Energy) with a 1Y correlation of -0.09, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BP plc | -0.09 | 0.02 | 0.04 | 87 | Energy | |
| Glencore plc | 0.05 | 0.08 | 0.09 | 96 | Basic Materials | |
| British American Tobacco plc | 0.13 | 0.13 | 0.15 | 79 | Consumer Defensive | |
| Bunzl plc | 0.14 | 0.14 | 0.14 | 51 | Consumer Defensive | |
| Barclays plc | 0.16 | 0.14 | 0.16 | 77 | Financial Services |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements BAG.L
Add BAG.L to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with BAG.L