Looking to diversify beyond CBS5.L? The ETFs below have the lowest correlation with CBS5.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 CBS5.L.
Best Diversifiers for CBS5.L
11 ETFs have low correlation with CBS5.L (below 0.3), 5 of which are negatively correlated. The least correlated is UBS S&P 500 Scored & Screened UCITS ETF GBP Dist (5ESG.L) (S&P 500) with a 1Y correlation of -0.29, roughly unchanged from -0.27 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| UBS S&P 500 Scored & Screened UCITS ETF GBP Dist | -0.29 | -0.27 | — | 70 | S&P 500 | CBS5.L vs 5ESG.L | |
| UBS ETF (LU) MSCI UK UCITS ETF (GBP) A-dis | -0.06 | -0.06 | — | 70 | Europe Equities | CBS5.L vs UC63.L | |
| iShares $ Ultrashort Bond UCITS ETF USD (Dist) | -0.03 | 0.04 | — | 99 | Ultrashort Bond, Short-Term Bond, Corporate Bonds | CBS5.L vs ERND.L | |
| iShares € Ultrashort Bond UCITS ETF EUR (Dist) | -0.03 | 0.03 | — | 98 | Ultrashort Bond, Short-Term Bond, Corporate Bonds | CBS5.L vs ERNE.L | |
| iShares $ Floating Rate Bond UCITS ETF GBP Hedged ... | -0.00 | -0.01 | — | 98 | Ultra Short-Term Bonds, Floating Rate Bonds, Corporate Bonds, Investment Grade Bonds | CBS5.L vs FLOS.L |
See all 19 diversifiers for CBS5.L
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Diversification Analysis
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