Looking to diversify beyond CLO.L? The ETFs below have the lowest correlation with CLO.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 CLO.L.
Best Diversifiers for CLO.L
9 ETFs have low correlation with CLO.L (below 0.3), 0 of which are negatively correlated. The least correlated is HSBC Nasdaq Global Semiconductor UCITS ETF (HNSS.L) (Semiconductors) with a 1Y correlation of 0.17, down from 0.44 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| HSBC Nasdaq Global Semiconductor UCITS ETF | 0.17 | 0.44 | — | 89 | Semiconductors, Technology Equities | CLO.L vs HNSS.L | |
| VanEck Semiconductor UCITS ETF | 0.18 | 0.44 | — | 95 | Semiconductors, Technology Equities | CLO.L vs SMGB.L | |
| VanEck Semiconductor UCITS ETF | 0.19 | 0.45 | 0.53 | 95 | Semiconductors, Technology Equities, ESG, Global Equities | CLO.L vs SMH.L | |
| Global X SuperDividend UCITS ETF USD Distributing | 0.19 | 0.37 | — | 64 | Dividend | CLO.L vs SDIP.L | |
| iShares MSCI Taiwan UCITS ETF USD (Dist) | 0.23 | 0.41 | — | 93 | Technology Equities | CLO.L vs IDTW.L |
See all 17 diversifiers for CLO.L
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