Looking to balance out your exposure to CRDA.L? The ETFs below have historically moved differently from CRDA.L, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for CRDA.L
0 ETFs have low correlation with CRDA.L (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Core FTSE 100 UCITS ETF GBP (Acc) (CUKX.L) (Europe Equities) with a 1Y correlation of 0.31, down from 0.42 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core FTSE 100 UCITS ETF GBP (Acc) | 0.31 | 0.42 | 0.42 | 80 | Europe Equities | CRDA.L vs CUKX.L |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for CRDA.L, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Oxford Instruments plc (OXIG.L) (Technology) with a 1Y correlation of 0.33, roughly unchanged from 0.37 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Oxford Instruments plc | 0.33 | 0.37 | 0.37 | 83 | Technology |
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