Looking to balance out your exposure to CHRT.L? The ETFs below have the lowest correlation with CHRT.L — they tend to move on their own, which can help reduce risk when CHRT.L drops. The stock ideas table highlights individual companies that behave independently from CHRT.L.
No Diversifiers Found for CHRT.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 CHRT.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CHRT.L and solid risk/return profiles. The least correlated is Smiths Group PLC (SMIN.L) (Industrials) with a 1Y correlation of 0.16, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Smiths Group PLC | 0.16 | 0.10 | 0.07 | 59 | Industrials | |
| Fresnillo plc | 0.19 | 0.14 | 0.09 | 91 | Basic Materials | |
| Serco Group | 0.25 | 0.12 | 0.10 | 80 | Industrials | |
| Senior PLC | 0.28 | 0.20 | 0.12 | 89 | Industrials | |
| Rolls-Royce Holdings PLC | 0.36 | 0.22 | 0.17 | 75 | Industrials |
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