Looking to balance out your exposure to BME.L? The ETFs below have the lowest correlation with BME.L — they tend to move on their own, which can help reduce risk when BME.L drops. The stock ideas table highlights individual companies that behave independently from BME.L.
Best Diversifiers for BME.L
4 ETFs have low correlation with BME.L (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Physical Silver ETC (SSLN.L) (Silver) with a 1Y correlation of 0.04, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Physical Silver ETC | 0.04 | 0.03 | 0.03 | 56 | Silver, Precious Metals | BME.L vs SSLN.L | |
| Invesco EQQQ NASDAQ-100 UCITS ETF | 0.05 | 0.10 | 0.19 | 78 | Nasdaq-100 | BME.L vs EQQQ.L | |
| Vanguard S&P 500 UCITS ETF (USD) Accumulating | 0.10 | 0.15 | 0.22 | 82 | S&P 500 | BME.L vs VUAG.L | |
| Amundi MSCI Japan UCITS ETF Acc | 0.18 | 0.15 | 0.17 | 59 | Japan Equities | BME.L vs LCJP.L |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BME.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BME.L and solid risk/return profiles. The least correlated is Games Workshop Group plc (GAW.L) (Consumer Cyclical) with a 1Y correlation of 0.06, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Games Workshop Group plc | 0.06 | 0.22 | 0.29 | 68 | Consumer Cyclical | |
| JP Morgan Global Growth & Income plc | 0.16 | 0.20 | 0.26 | 76 | Financial Services | |
| Murray International Trust | 0.26 | 0.25 | 0.27 | 93 | Financial Services |
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