Looking to balance out your exposure to CBG.L? The ETFs below have the lowest correlation with CBG.L — they tend to move on their own, which can help reduce risk when CBG.L drops. The stock ideas table highlights individual companies that behave independently from CBG.L.
No Diversifiers Found for CBG.L
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CBG.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CBG.L and solid risk/return profiles. The least correlated is Airtel Africa plc (AAF.L) (Communication Services) with a 1Y correlation of 0.12, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Airtel Africa plc | 0.12 | 0.22 | 0.25 | 88 | Communication Services | |
| Fresnillo plc | 0.18 | 0.18 | 0.17 | 91 | Basic Materials | |
| Goodwin plc | 0.25 | 0.13 | 0.15 | 76 | Industrials |
Build a portfolio that complements CBG.L
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