Looking to diversify beyond GBSP.L? The ETFs below have the lowest correlation with GBSP.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 GBSP.L.
Best Diversifiers for GBSP.L
36 ETFs have low correlation with GBSP.L (below 0.3), 6 of which are negatively correlated. The least correlated is WisdomTree USD Floating Rate Treasury Bond UCITS ETF USD (USFR.L) (Government Bonds) with a 1Y correlation of -0.31, roughly unchanged from -0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree USD Floating Rate Treasury Bond UCITS E... | -0.31 | -0.34 | -0.35 | 97 | Government Bonds, Ultrashort Bond | GBSP.L vs USFR.L | |
| WisdomTree Brent Crude Oil | -0.18 | 0.04 | 0.12 | 61 | Oil & Gas | GBSP.L vs BRNT.L | |
| Lyxor Smart Overnight Return UCITS ETF C-GBP | -0.07 | -0.02 | -0.01 | 99 | Money Market | GBSP.L vs CSH2.L | |
| UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-a... | -0.07 | 0.05 | 0.07 | 71 | Commodities | GBSP.L vs UC15.L | |
| WisdomTree Soybean Oil | -0.05 | 0.04 | 0.09 | 74 | Agricultural Commodities | GBSP.L vs SOYO.L |
See all 51 diversifiers for GBSP.L
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Diversification Analysis
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