Looking to diversify beyond CAPU.L? The ETFs below have the lowest correlation with CAPU.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 CAPU.L.
Best Diversifiers for CAPU.L
2 ETFs have low correlation with CAPU.L (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Technology S&P US Select Sector UCITS ETF Acc (XLKS.L) (Technology Equities) with a 1Y correlation of 0.25, down from 0.60 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Technology S&P US Select Sector UCITS ETF ... | 0.25 | 0.43 | 0.60 | 73 | Technology Equities | CAPU.L vs XLKS.L | |
| Xtrackers MSCI USA ESG UCITS ETF 1D | 0.26 | 0.30 | 0.44 | 94 | Large Cap Blend Equities | CAPU.L vs XZMD.L | |
| iShares NASDAQ 100 UCITS ETF | 0.44 | 0.59 | 0.69 | 75 | Nasdaq-100 | CAPU.L vs CNDX.L | |
| Invesco MSCI USA ESG Universal Screened UCITS ETF ... | 0.47 | 0.37 | — | 69 | Large Cap Blend Equities | CAPU.L vs ESPB.L | |
| First Trust US Large Cap Core AlphaDEX UCITS Class... | 0.47 | 0.64 | 0.70 | 93 | Large Cap Blend Equities | CAPU.L vs FEXD.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CAPU.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CAPU.L and solid risk/return profiles. The least correlated is JP Morgan Global Growth & Income plc (JGGI.L) (Financial Services) with a 1Y correlation of 0.50, down from 0.65 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| JP Morgan Global Growth & Income plc | 0.50 | 0.62 | 0.65 | 76 | Financial Services |
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