Looking to diversify beyond CNX1.L? The ETFs below have the lowest correlation with CNX1.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 CNX1.L.
Best Diversifiers for CNX1.L
11 ETFs have low correlation with CNX1.L (below 0.3), 4 of which are negatively correlated. The least correlated is WisdomTree Enhanced Commodity UCITS ETF USD Acc (WCOB.L) (Commodities) with a 1Y correlation of -0.07, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Enhanced Commodity UCITS ETF USD Acc | -0.07 | 0.06 | 0.07 | 81 | Commodities | CNX1.L vs WCOB.L | |
| iShares Diversified Commodity Swap UCITS ETF | -0.06 | 0.09 | 0.13 | 71 | Commodities | CNX1.L vs ICOM.L | |
| iShares Bloomberg Roll Select Commodity Swap UCITS... | -0.06 | 0.09 | 0.09 | 83 | Commodities | CNX1.L vs ROLG.L | |
| iShares Diversified Commodity Swap UCITS ETF | -0.05 | 0.07 | 0.05 | 67 | Commodities | CNX1.L vs COMM.L | |
| VanEck Morningstar Developed Markets Dividend Lead... | 0.09 | 0.20 | 0.30 | 91 | Global Equities, Dividend | CNX1.L vs TDGB.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CNX1.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CNX1.L and solid risk/return profiles. The least correlated is JP Morgan Global Growth & Income plc (JGGI.L) (Financial Services) with a 1Y correlation of 0.61, roughly unchanged from 0.63 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| JP Morgan Global Growth & Income plc | 0.61 | 0.67 | 0.63 | 76 | Financial Services |
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