Looking to balance out your exposure to BHP.L? The ETFs below have the lowest correlation with BHP.L — they tend to move on their own, which can help reduce risk when BHP.L drops. The stock ideas table highlights individual companies that behave independently from BHP.L.
Best Diversifiers for BHP.L
0 ETFs have low correlation with BHP.L (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Rare Earth and Strategic Metals UCITS ETF A (REGB.L) (Precious Metals) with a 1Y correlation of 0.57, roughly unchanged from 0.55 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Rare Earth and Strategic Metals UCITS ETF A | 0.57 | 0.55 | — | 89 | Precious Metals | BHP.L vs REGB.L |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BHP.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BHP.L and solid risk/return profiles. The least correlated is Antofagasta plc (ANTO.L) (Basic Materials) with a 1Y correlation of 0.71, roughly unchanged from 0.68 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Antofagasta plc | 0.71 | 0.67 | 0.68 | 91 | Basic Materials | |
| Anglo American plc | 0.72 | 0.68 | 0.73 | 87 | Basic Materials |
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