Looking to balance out your exposure to CTY.L? The ETFs below have the lowest correlation with CTY.L — they tend to move on their own, which can help reduce risk when CTY.L drops. The stock ideas table highlights individual companies that behave independently from CTY.L.
Best Diversifiers for CTY.L
3 ETFs have low correlation with CTY.L (below 0.3), 0 of which are negatively correlated. The least correlated is iShares £ Ultrashort Bond UCITS ETF GBP (Dist) (ERNS.L) (Ultrashort Bond) with a 1Y correlation of 0.08, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | 0.08 | 0.12 | 0.12 | 98 | Ultrashort Bond | CTY.L vs ERNS.L | |
| Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP | 0.09 | 0.16 | 0.17 | 71 | Nasdaq-100, Options Trading | CTY.L vs QYLP.L | |
| JPM Nasdaq Equity Premium Income Active UCITS ETF ... | 0.25 | 0.29 | 0.29 | 84 | Nasdaq-100, Derivative Income | CTY.L vs JEQP.L | |
| iShares MSCI EM Latin America UCITS ETF USD (Dist) | 0.39 | 0.43 | 0.41 | 62 | Latin America Equities | CTY.L vs LTAM.L | |
| iShares USD High Yield Corporate Bond ESG UCITS ET... | 0.48 | 0.46 | 0.47 | 54 | High Yield Bonds | CTY.L vs DHYA.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CTY.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CTY.L and solid risk/return profiles. The least correlated is British American Tobacco plc (BATS.L) (Consumer Defensive) with a 1Y correlation of 0.27, roughly unchanged from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| British American Tobacco plc | 0.27 | 0.30 | 0.33 | 79 | Consumer Defensive | |
| Computacenter plc | 0.32 | 0.38 | 0.42 | 89 | Technology | |
| CRH plc | 0.33 | 0.35 | 0.47 | 73 | Basic Materials | |
| 3I Infrastructure plc | 0.46 | 0.41 | 0.37 | 64 | Financial Services | |
| JP Morgan Global Growth & Income plc | 0.50 | 0.52 | 0.57 | 76 | Financial Services |
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