Looking to diversify beyond CNAL.L? The ETFs below have the lowest correlation with CNAL.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 CNAL.L.
Best Diversifiers for CNAL.L
4 ETFs have low correlation with CNAL.L (below 0.3), 1 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 -0.04, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lyxor Smart Overnight Return UCITS ETF C-GBP | -0.04 | 0.02 | 0.02 | 99 | Money Market | CNAL.L vs CSH2.L | |
| Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc | 0.15 | 0.11 | 0.10 | 50 | Financials Equities | CNAL.L vs BNKE.L | |
| Amundi FTSE 100 UCITS ETF | 0.24 | 0.14 | 0.13 | 53 | Europe Equities | CNAL.L vs 100D.L | |
| Amundi Nasdaq-100 UCITS USD | 0.30 | 0.14 | 0.11 | 76 | Nasdaq-100 | CNAL.L vs ANXU.L | |
| Amundi S&P 500 Swap UCITS ETF USD Acc | 0.31 | 0.16 | 0.12 | 81 | S&P 500 | CNAL.L vs 500G.L |
See all 21 diversifiers for CNAL.L
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