Looking to diversify beyond EGLN.L? The ETFs below have the lowest correlation with EGLN.L — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from EGLN.L.
Best Diversifiers for EGLN.L
31 ETFs have low correlation with EGLN.L (below 0.3), 2 of which are negatively correlated. The least correlated is iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBTU.L) (Government Bonds) with a 1Y correlation of -0.10, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dis... | -0.10 | 0.03 | 0.07 | 99 | Government Bonds, Ultrashort Bond | EGLN.L vs IBTU.L | |
| iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) | -0.08 | 0.03 | 0.08 | 100 | Government Bonds, Ultrashort Bond | EGLN.L vs IB01.L | |
| iShares S&P 500 Information Technology Sector UCIT... | 0.10 | 0.03 | -0.01 | 73 | Technology Equities, S&P 500 | EGLN.L vs IITU.L | |
| Invesco FTSE All-World UCITS ETF Acc | 0.11 | — | — | 85 | Global Equities | EGLN.L vs FWRG.L | |
| Invesco Technology S&P US Select Sector UCITS ETF ... | 0.11 | 0.04 | 0.00 | 75 | Technology Equities | EGLN.L vs XLKQ.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EGLN.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EGLN.L and solid risk/return profiles. The least correlated is Toyota Motor Corp (TYT.L) (Consumer Cyclical) with a 1Y correlation of 0.07, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Toyota Motor Corp | 0.07 | 0.09 | 0.07 | 52 | Consumer Cyclical | |
| Samsung Electronics Co. Ltd | 0.22 | 0.14 | 0.10 | 99 | Technology | |
| Rolls-Royce Holdings PLC | 0.25 | 0.13 | 0.03 | 74 | Industrials |
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