Looking to diversify beyond CNAA.L? The ETFs below have the lowest correlation with CNAA.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 CNAA.L.
Best Diversifiers for CNAA.L
2 ETFs have low correlation with CNAA.L (below 0.3), 0 of which are negatively correlated. The least correlated is Amundi Smart Overnight Return UCITS ETF GBP Hedged Acc (CSH2.L) (Money Market) with a 1Y correlation of 0.22, roughly unchanged from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Amundi Smart Overnight Return UCITS ETF GBP Hedged... | 0.22 | 0.26 | 0.31 | 99 | Money Market | CNAA.L vs CSH2.L | |
| Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc | 0.23 | 0.20 | 0.18 | 77 | Financials Equities | CNAA.L vs BNKE.L | |
| Lyxor S&P 500 UCITS ETF - Acc | 0.30 | 0.17 | 0.19 | 81 | S&P 500 | CNAA.L vs SP5L.L | |
| Amundi MSCI World UCITS USD | 0.34 | 0.21 | 0.24 | 86 | Global Equities | CNAA.L vs CW8G.L | |
| Amundi Nasdaq-100 UCITS USD | 0.37 | 0.25 | 0.31 | 67 | Nasdaq-100 | CNAA.L vs ANXU.L |
See all 20 diversifiers for CNAA.L
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