Looking to diversify beyond ESGL.L? The ETFs below have the lowest correlation with ESGL.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 ESGL.L.
Best Diversifiers for ESGL.L
1 ETFs have low correlation with ESGL.L (below 0.3), 1 of which are negatively correlated. The least correlated is Lyxor Smart Overnight Return UCITS ETF C-GBP (CSH2.L) (Money Market) with a 1Y correlation of -0.04, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lyxor Smart Overnight Return UCITS ETF C-GBP | -0.04 | -0.04 | -0.02 | 99 | Money Market | ESGL.L vs CSH2.L | |
| JPMorgan Eurozone Research Enhanced Index Equity (... | 0.40 | — | — | 99 | Europe Equities | ESGL.L vs JRDZ.L | |
| Amundi S&P 500 Swap UCITS ETF USD Acc | 0.50 | 0.51 | 0.58 | 82 | S&P 500 | ESGL.L vs 500G.L | |
| Franklin European Quality Dividend UCITS ETF | 0.52 | 0.58 | 0.67 | 80 | Europe Equities | ESGL.L vs FLXD.L | |
| iShares MSCI Poland UCITS ETF USD (Acc) | 0.53 | 0.54 | 0.56 | 61 | Europe Equities | ESGL.L vs SPOL.L |
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