Looking to diversify beyond EVAL.L? The ETFs below have the lowest correlation with EVAL.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 EVAL.L.
Best Diversifiers for EVAL.L
0 ETFs have low correlation with EVAL.L (below 0.3), 0 of which are negatively correlated. The least correlated is SPDR S&P 500 UCITS ETF (SPX5.L) (S&P 500) with a 1Y correlation of 0.47, roughly unchanged from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR S&P 500 UCITS ETF | 0.47 | 0.38 | 0.48 | 73 | S&P 500 | EVAL.L vs SPX5.L | |
| State Street SPDR S&P 500 UCITS ETF (Dist) | 0.49 | 0.40 | 0.48 | 71 | S&P 500 | EVAL.L vs SPY5.L | |
| iShares Core MSCI Emerging Markets IMI UCITS ETF (... | 0.49 | 0.49 | 0.51 | 67 | Emerging Markets Equities | EVAL.L vs EMIM.L | |
| SPDR S&P 500 UCITS ETF USD Acc | 0.49 | 0.39 | 0.39 | 71 | S&P 500 | EVAL.L vs SPYL.L | |
| iShares Edge MSCI USA Value Factor UCITS | 0.50 | 0.49 | 0.58 | 97 | Large Cap Value Equities | EVAL.L vs IUVF.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EVAL.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EVAL.L and solid risk/return profiles. The least correlated is HICL Infrastructure Company Ltd (HICL.L) (Financial Services) with a 1Y correlation of 0.26, roughly unchanged from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| HICL Infrastructure Company Ltd | 0.26 | 0.28 | 0.27 | 72 | Financial Services | |
| The City of London Investment Trust plc | 0.71 | 0.66 | 0.71 | 85 | Financial Services |
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