Looking to diversify beyond BBM3.L? The ETFs below have the lowest correlation with BBM3.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 BBM3.L.
Best Diversifiers for BBM3.L
24 ETFs have low correlation with BBM3.L (below 0.3), 8 of which are negatively correlated. The least correlated is JPM GBP Ultra-Short Income Active UCITS ETF - GBP (dist) (JGST.L) (Ultrashort Bond) with a 1Y correlation of -0.15, roughly unchanged from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPM GBP Ultra-Short Income Active UCITS ETF - GBP ... | -0.15 | -0.08 | -0.07 | 98 | Ultrashort Bond | BBM3.L vs JGST.L | |
| Xtrackers II US Treasuries 1-3 UCITS ETF 1D | -0.13 | -0.06 | -0.04 | 91 | Government Bonds, Short-Term Bond | BBM3.L vs XUT3.L | |
| iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | -0.09 | -0.07 | -0.06 | 98 | Ultrashort Bond | BBM3.L vs ERNS.L | |
| iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) | -0.09 | -0.03 | -0.01 | 88 | Government Bonds, Short-Term Bond | BBM3.L vs IBTA.L | |
| JPM GBP Ultra-Short Income Active ETF GBP Acc | -0.07 | -0.04 | -0.07 | 98 | Ultrashort Bond | BBM3.L vs JGSA.L |
See all 26 diversifiers for BBM3.L
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Diversification Analysis
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