Looking to diversify beyond CMOP.L? The ETFs below have the lowest correlation with CMOP.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 CMOP.L.
Best Diversifiers for CMOP.L
26 ETFs have low correlation with CMOP.L (below 0.3), 21 of which are negatively correlated. The least correlated is Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc (EQGB.L) (Nasdaq-100) with a 1Y correlation of -0.17, down from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc | -0.17 | -0.08 | -0.04 | 64 | Nasdaq-100 | CMOP.L vs EQGB.L | |
| SPDR® Dow Jones Global Real Estate UCITS ETF | -0.17 | -0.04 | 0.04 | 55 | REIT | CMOP.L vs GBRE.L | |
| iShares MSCI World Small Cap UCITS ETF | -0.16 | 0.01 | 0.10 | 90 | Small Cap Blend Equities | CMOP.L vs WLDS.L | |
| Invesco FTSE All-World UCITS ETF USD Accumulation | -0.13 | 0.03 | 0.03 | 70 | Global Equities | CMOP.L vs FWRA.L | |
| Invesco FTSE All-World UCITS ETF USD Dist | -0.11 | 0.07 | 0.07 | 88 | Global Equities | CMOP.L vs FTWG.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CMOP.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CMOP.L and solid risk/return profiles. The least correlated is Glencore plc (GLEN.L) (Basic Materials) with a 1Y correlation of 0.18, roughly unchanged from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Glencore plc | 0.18 | 0.23 | 0.28 | 95 | Basic Materials |
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