Looking to balance out your exposure to BP.L? The ETFs below have the lowest correlation with BP.L — they tend to move on their own, which can help reduce risk when BP.L drops. The stock ideas table highlights individual companies that behave independently from BP.L.
Best Diversifiers for BP.L
3 ETFs have low correlation with BP.L (below 0.3), 2 of which are negatively correlated. The least correlated is Vanguard FTSE All-World UCITS ETF Distributing (VWRL.L) (Global Equities) with a 1Y correlation of -0.17, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard FTSE All-World UCITS ETF Distributing | -0.17 | 0.11 | 0.21 | 86 | Global Equities | BP.L vs VWRL.L | |
| Vanguard FTSE Developed Asia Pacific ex Japan UCIT... | -0.10 | 0.16 | 0.25 | 94 | Asia Pacific Equities | BP.L vs VAPX.L | |
| Vanguard FTSE 100 UCITS ETF Distributing | 0.04 | 0.30 | 0.43 | 56 | Europe Equities | BP.L vs VUKE.L |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BP.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BP.L and solid risk/return profiles. The least correlated is Barclays plc (BARC.L) (Financial Services) with a 1Y correlation of -0.21, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Barclays plc | -0.21 | 0.12 | 0.25 | 77 | Financial Services | |
| Coca Cola HBC AG | -0.18 | 0.01 | 0.04 | 54 | Consumer Defensive | |
| Lloyds Banking Group plc | -0.15 | 0.10 | 0.23 | 75 | Financial Services | |
| M&G plc | -0.14 | 0.13 | 0.23 | 88 | Financial Services | |
| Games Workshop Group plc | -0.13 | 0.01 | 0.03 | 68 | Consumer Cyclical |
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