Looking to diversify beyond GBRE.L? The ETFs below have the lowest correlation with GBRE.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 GBRE.L.
Best Diversifiers for GBRE.L
5 ETFs have low correlation with GBRE.L (below 0.3), 1 of which are negatively correlated. The least correlated is Invesco Bloomberg Commodity UCITS ETF Acc (CMOP.L) (Commodities) with a 1Y correlation of -0.17, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Bloomberg Commodity UCITS ETF Acc | -0.17 | -0.04 | 0.04 | 52 | Commodities | GBRE.L vs CMOP.L | |
| iShares S&P 500 Information Technology Sector UCIT... | 0.03 | 0.14 | 0.31 | 58 | Technology Equities, S&P 500 | GBRE.L vs IITU.L | |
| iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | 0.10 | 0.08 | 0.08 | 99 | Ultrashort Bond | GBRE.L vs ERNS.L | |
| State Street SPDR S&P 500 UCITS ETF (Dist) | 0.29 | 0.41 | 0.52 | 67 | S&P 500 | GBRE.L vs SPY5.L | |
| SPDR S&P 500 UCITS ETF USD Acc | 0.29 | — | — | 67 | S&P 500 | GBRE.L vs SPYL.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GBRE.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GBRE.L and solid risk/return profiles. The least correlated is Tritax Big Box REIT plc (BBOX.L) (Real Estate) with a 1Y correlation of 0.44, roughly unchanged from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tritax Big Box REIT plc | 0.44 | 0.50 | 0.51 | 63 | Real Estate |
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