Looking to balance out your exposure to CVCG.L? The ETFs below have the lowest correlation with CVCG.L — they tend to move on their own, which can help reduce risk when CVCG.L drops. The stock ideas table highlights individual companies that behave independently from CVCG.L.
Best Diversifiers for CVCG.L
2 ETFs have low correlation with CVCG.L (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Fallen Angels High Yield Corporate Bond UCITS ETF GBP Hedged (Dist) (WIGG.L) (High Yield Bonds) with a 1Y correlation of 0.09, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Fallen Angels High Yield Corporate Bond UC... | 0.09 | 0.04 | 0.03 | 58 | High Yield Bonds | CVCG.L vs WIGG.L | |
| iShares UK Dividend UCITS ETF | 0.13 | 0.08 | 0.05 | 61 | Dividend | CVCG.L vs IUKD.L |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from CVCG.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CVCG.L and solid risk/return profiles. The least correlated is HarbourVest Global Private Equity Ltd (HVPE.L) (Financial Services) with a 1Y correlation of 0.20, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| HarbourVest Global Private Equity Ltd | 0.20 | 0.11 | 0.11 | 90 | Financial Services |
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