Looking to balance out your exposure to EDIN.L? The ETFs below have the lowest correlation with EDIN.L — they tend to move on their own, which can help reduce risk when EDIN.L drops. The stock ideas table highlights individual companies that behave independently from EDIN.L.
Best Diversifiers for EDIN.L
0 ETFs have low correlation with EDIN.L (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard FTSE 100 UCITS ETF Distributing (VUKE.L) (Europe Equities) with a 1Y correlation of 0.76, roughly unchanged from 0.79 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard FTSE 100 UCITS ETF Distributing | 0.76 | 0.78 | 0.79 | 56 | Europe Equities | EDIN.L vs VUKE.L |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EDIN.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EDIN.L and solid risk/return profiles. The least correlated is JP Morgan Global Growth & Income plc (JGGI.L) (Financial Services) with a 1Y correlation of 0.48, roughly unchanged from 0.54 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| JP Morgan Global Growth & Income plc | 0.48 | 0.50 | 0.54 | 76 | Financial Services | |
| F&C Investment Trust plc | 0.54 | 0.57 | 0.59 | 90 | Financial Services | |
| Murray International Trust | 0.58 | 0.59 | 0.61 | 93 | Financial Services |
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