Looking to balance out your exposure to BATS.L? The ETFs below have the lowest correlation with BATS.L — they tend to move on their own, which can help reduce risk when BATS.L drops. The stock ideas table highlights individual companies that behave independently from BATS.L.
Best Diversifiers for BATS.L
6 ETFs have low correlation with BATS.L (below 0.3), 1 of which are negatively correlated. The least correlated is iShares £ Ultrashort Bond UCITS ETF GBP (Dist) (ERNS.L) (Ultrashort Bond) with a 1Y correlation of -0.01, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | -0.01 | 0.03 | 0.03 | 99 | Ultrashort Bond | BATS.L vs ERNS.L | |
| Invesco FTSE All-World UCITS ETF USD Accumulation | 0.04 | 0.11 | 0.11 | 71 | Global Equities | BATS.L vs FWRA.L | |
| Vanguard FTSE Developed Asia Pacific ex Japan UCIT... | 0.05 | 0.13 | 0.14 | 92 | Asia Pacific Equities | BATS.L vs VAPX.L | |
| iShares Core MSCI World UCITS ETF USD (Acc) | 0.06 | 0.12 | 0.13 | 68 | Global Equities | BATS.L vs IWDA.L | |
| Vanguard FTSE All-World UCITS ETF Distributing | 0.07 | 0.13 | 0.16 | 86 | Global Equities | BATS.L vs VWRL.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BATS.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BATS.L and solid risk/return profiles. The least correlated is Halma plc (HLMA.L) (Industrials) with a 1Y correlation of -0.01, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Halma plc | -0.01 | 0.03 | 0.01 | 91 | Industrials | |
| Bunzl plc | 0.06 | 0.14 | 0.10 | 55 | Consumer Defensive | |
| Diploma plc | 0.06 | 0.06 | 0.03 | 90 | Industrials | |
| BP plc | 0.07 | 0.11 | 0.19 | 88 | Energy | |
| Glencore plc | 0.09 | 0.07 | 0.10 | 96 | Basic Materials |
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