Looking to diversify beyond CSP1.L? The ETFs below have the lowest correlation with CSP1.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 CSP1.L.
Best Diversifiers for CSP1.L
25 ETFs have low correlation with CSP1.L (below 0.3), 12 of which are negatively correlated. The least correlated is iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc) (ESIE.L) (Energy Equities) with a 1Y correlation of -0.14, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI Europe Energy Sector UCITS ETF EUR (A... | -0.14 | 0.11 | 0.19 | 78 | Energy Equities | CSP1.L vs ESIE.L | |
| iShares Diversified Commodity Swap UCITS ETF | -0.13 | 0.10 | 0.18 | 71 | Commodities | CSP1.L vs ICOM.L | |
| iShares S&P 500 Energy Sector UCITS ETF USD (Acc) | -0.12 | 0.16 | 0.28 | 60 | Energy Equities, S&P 500 | CSP1.L vs IUES.L | |
| iShares MSCI Europe Energy Sector UCITS ETF EUR (D... | -0.12 | 0.14 | — | 78 | Energy Equities | CSP1.L vs EYED.L | |
| iShares $ TIPS 0-5 UCITS ETF GBP Hedged (Dist) | -0.10 | -0.08 | -0.03 | 65 | Inflation-Protected Bonds | CSP1.L vs TI5G.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CSP1.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CSP1.L and solid risk/return profiles. The least correlated is HarbourVest Global Private Equity Ltd (HVPE.L) (Financial Services) with a 1Y correlation of 0.26, roughly unchanged from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| HarbourVest Global Private Equity Ltd | 0.26 | 0.24 | 0.33 | 90 | Financial Services | |
| JP Morgan Global Growth & Income plc | 0.66 | 0.73 | 0.70 | 76 | Financial Services |
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