Looking to diversify beyond CACX.L? The ETFs below have the lowest correlation with CACX.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 CACX.L.
Best Diversifiers for CACX.L
1 ETFs have low correlation with CACX.L (below 0.3), 1 of which are negatively correlated. The least correlated is Amundi Smart Overnight Return UCITS ETF GBP Hedged Acc (CSH2.L) (Money Market) with a 1Y correlation of -0.04, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Amundi Smart Overnight Return UCITS ETF GBP Hedged... | -0.04 | -0.02 | -0.01 | 99 | Money Market | CACX.L vs CSH2.L | |
| Amundi Nasdaq-100 UCITS USD | 0.39 | 0.40 | 0.47 | 71 | Nasdaq-100 | CACX.L vs ANXU.L | |
| Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc | 0.42 | 0.45 | 0.52 | 68 | Nasdaq-100 | CACX.L vs EQGB.L | |
| L&G UK Equity UCITS ETF | 0.42 | 0.57 | 0.65 | 53 | Europe Equities | CACX.L vs LGUK.L | |
| Franklin European Quality Dividend UCITS ETF | 0.44 | 0.50 | 0.62 | 86 | Europe Equities | CACX.L vs FLXD.L |
See all 42 diversifiers for CACX.L
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements CACX.L
Add CACX.L to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with CACX.L