Looking to balance out your exposure to CHG.L? The ETFs below have the lowest correlation with CHG.L — they tend to move on their own, which can help reduce risk when CHG.L drops. The stock ideas table highlights individual companies that behave independently from CHG.L.
Best Diversifiers for CHG.L
1 ETFs have low correlation with CHG.L (below 0.3), 0 of which are negatively correlated. The least correlated is iShares MSCI World Quality Factor UCITS (IWFQ.L) (Global Equities) with a 1Y correlation of 0.19, roughly unchanged from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI World Quality Factor UCITS | 0.19 | 0.26 | 0.25 | 70 | Global Equities | CHG.L vs IWFQ.L |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CHG.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CHG.L and solid risk/return profiles. The least correlated is Senior PLC (SNR.L) (Industrials) with a 1Y correlation of 0.24, roughly unchanged from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Senior PLC | 0.24 | 0.30 | 0.27 | 89 | Industrials | |
| Smiths Group PLC | 0.31 | 0.33 | 0.29 | 59 | Industrials | |
| Serco Group | 0.32 | 0.35 | 0.32 | 80 | Industrials | |
| Rolls-Royce Holdings PLC | 0.44 | 0.37 | 0.30 | 75 | Industrials |
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