Looking to balance out your exposure to CRDA.L? The ETFs below have the lowest correlation with CRDA.L — they tend to move on their own, which can help reduce risk when CRDA.L drops. The stock ideas table highlights individual companies that behave independently from CRDA.L.
Best Diversifiers for CRDA.L
1 ETFs have low correlation with CRDA.L (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares FTSE 100 UCITS ETF | 0.28 | 0.42 | 0.41 | 56 | CRDA.L vs CUKX.L |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CRDA.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CRDA.L and solid risk/return profiles. The least correlated is Oxford Instruments plc (OXIG.L) (Technology) with a 1Y correlation of 0.39, roughly unchanged from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Oxford Instruments plc | 0.39 | 0.38 | 0.37 | 90 | Technology |
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