Looking to diversify beyond EQGB.L? The ETFs below have the lowest correlation with EQGB.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 EQGB.L.
Best Diversifiers for EQGB.L
17 ETFs have low correlation with EQGB.L (below 0.3), 9 of which are negatively correlated. The least correlated is Invesco US Energy Sector UCITS ETF (XLEP.L) (Energy Equities) with a 1Y correlation of -0.24, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco US Energy Sector UCITS ETF | -0.24 | -0.02 | 0.07 | 53 | Energy Equities | EQGB.L vs XLEP.L | |
| Invesco S&P World Energy Targeted & Screened UCITS... | -0.23 | 0.04 | — | 66 | Energy Equities | EQGB.L vs WDEE.L | |
| Invesco USD AAA CLO UCITS ETF Acc | -0.23 | -0.16 | -0.16 | 97 | CLO, Bank Loan | EQGB.L vs ICLU.L | |
| Invesco Energy S&P US Select Sector UCITS ETF Acc | -0.23 | 0.00 | 0.10 | 59 | Energy Equities | EQGB.L vs XLES.L | |
| Invesco Bloomberg Commodity UCITS ETF Acc | -0.20 | -0.08 | -0.04 | 68 | Commodities | EQGB.L vs CMOP.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EQGB.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EQGB.L and solid risk/return profiles. The least correlated is Rolls-Royce Holdings PLC (RR.L) (Industrials) with a 1Y correlation of 0.44, roughly unchanged from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Rolls-Royce Holdings PLC | 0.44 | 0.36 | 0.37 | 74 | Industrials | |
| JP Morgan Global Growth & Income plc | 0.61 | 0.61 | 0.59 | 76 | Financial Services |
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