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 Lyxor Smart Overnight Return UCITS ETF C-GBP (CSH2.L) (Money Market) with a 1Y correlation of 0.25, roughly unchanged from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lyxor Smart Overnight Return UCITS ETF C-GBP | 0.25 | 0.27 | 0.31 | 99 | Money Market | CNAA.L vs CSH2.L | |
| Amundi FTSE 100 UCITS ETF | 0.28 | 0.22 | 0.23 | 55 | Europe Equities | CNAA.L vs 100D.L | |
| Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc | 0.31 | 0.31 | 0.32 | 55 | Financials Equities | CNAA.L vs BNKE.L | |
| Amundi S&P 500 Swap UCITS ETF USD Acc | 0.32 | 0.18 | 0.20 | 82 | S&P 500 | CNAA.L vs 500G.L | |
| Amundi MSCI World UCITS USD | 0.34 | 0.21 | 0.24 | 83 | Global Equities | CNAA.L vs CW8G.L |
See all 22 diversifiers for CNAA.L
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