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 Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP (QYLP.L) (Nasdaq-100) with a 1Y correlation of 0.08, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP | 0.08 | 0.14 | 0.16 | 83 | Nasdaq-100, Options Trading | CTY.L vs QYLP.L | |
| iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | 0.08 | 0.12 | 0.12 | 99 | Ultrashort Bond | CTY.L vs ERNS.L | |
| JPM Nasdaq Equity Premium Income Active UCITS ETF ... | 0.19 | 0.25 | 0.25 | 75 | Nasdaq-100, Derivative Income | CTY.L vs JEQP.L | |
| iShares Edge MSCI USA Value Factor UCITS | 0.34 | 0.44 | 0.50 | 97 | Large Cap Value Equities | CTY.L vs IUVF.L | |
| iShares Core MSCI Emerging Markets IMI UCITS ETF (... | 0.35 | 0.42 | 0.43 | 65 | Emerging Markets Equities | CTY.L vs EMIM.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 Computacenter plc (CCC.L) (Technology) with a 1Y correlation of 0.29, down from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Computacenter plc | 0.29 | 0.37 | 0.42 | 97 | Technology | |
| Polar Capital Technology Trust | 0.31 | 0.38 | 0.44 | 95 | Financial Services | |
| British American Tobacco plc | 0.31 | 0.32 | 0.33 | 73 | Consumer Defensive | |
| HICL Infrastructure Company Ltd | 0.39 | 0.41 | 0.40 | 73 | Financial Services | |
| 3I Infrastructure plc | 0.42 | 0.40 | 0.36 | 73 | Financial Services |
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