Looking to diversify beyond BB3M.L? The ETFs below have the lowest correlation with BB3M.L — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from BB3M.L.
Best Diversifiers for BB3M.L
21 ETFs have low correlation with BB3M.L (below 0.3), 5 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 -0.10, roughly unchanged from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | -0.10 | -0.08 | -0.06 | 98 | Ultrashort Bond | BB3M.L vs ERNS.L | |
| JPM Nasdaq Equity Premium Income Active UCITS ETF ... | -0.02 | — | — | 84 | Nasdaq-100, Derivative Income | BB3M.L vs JEQP.L | |
| WisdomTree US Quality Dividend Growth UCITS ETF US... | -0.02 | -0.02 | 0.02 | 57 | Large Cap Blend Equities, Dividend | BB3M.L vs DGRA.L | |
| Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF (US... | -0.01 | 0.08 | 0.22 | 99 | Government Bonds, Ultrashort Bond | BB3M.L vs VDST.L | |
| JPMorgan Nasdaq Equity Premium Income Active UCITS... | -0.00 | — | — | 77 | Nasdaq-100, Derivative Income | BB3M.L vs JEPQ.L |
See all 21 diversifiers for BB3M.L
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Diversification Analysis
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