Looking to diversify beyond GBPG.L? The ETFs below have the lowest correlation with GBPG.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 GBPG.L.
Best Diversifiers for GBPG.L
2 ETFs have low correlation with GBPG.L (below 0.3), 0 of which are negatively correlated. The least correlated is SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF Dist (GIN.L) (Diversified Portfolio) with a 1Y correlation of 0.16, down from 0.29 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR Morningstar Multi-Asset Global Infrastructure... | 0.16 | 0.29 | — | 69 | Diversified Portfolio | GBPG.L vs GIN.L | |
| Goldman Sachs ActiveBeta US Large Cap Equity UCITS... | 0.20 | 0.15 | — | 51 | Large Cap Blend Equities | GBPG.L vs GSLC.L | |
| SPDR FTSE UK All Share UCITS ETF | 0.46 | 0.34 | — | 67 | Europe Equities | GBPG.L vs FTAL.L | |
| iShares UK Gilts 0-5yr UCITS ETF GBP (Dist) | 0.80 | 0.82 | — | 50 | European Government Bonds | GBPG.L vs IGLS.L | |
| L&G UK Gilt 0-5 Year UCITS ETF | 0.87 | 0.91 | 0.89 | 54 | European Government Bonds | GBPG.L vs UKG5.L |
Diversification Analysis
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