Looking to balance out your exposure to DRX.L? The ETFs below have the lowest correlation with DRX.L — they tend to move on their own, which can help reduce risk when DRX.L drops. The stock ideas table highlights individual companies that behave independently from DRX.L.
No Diversifiers Found for DRX.L
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from DRX.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to DRX.L and solid risk/return profiles. The least correlated is British American Tobacco plc (BATS.L) (Consumer Defensive) with a 1Y correlation of 0.09, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| British American Tobacco plc | 0.09 | 0.17 | 0.16 | 73 | Consumer Defensive | |
| GlaxoSmithKline plc | 0.15 | 0.12 | 0.13 | 80 | Healthcare | |
| Mitie Group plc | 0.23 | 0.22 | 0.18 | 55 | Industrials | |
| Legal & General Group plc | 0.28 | 0.32 | 0.24 | 70 | Financial Services |
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