Looking to diversify beyond GCED.L? The ETFs below have the lowest correlation with GCED.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 GCED.L.
Best Diversifiers for GCED.L
14 ETFs have low correlation with GCED.L (below 0.3), 11 of which are negatively correlated. The least correlated is Invesco US Energy Sector UCITS ETF (XLEP.L) (Energy Equities) with a 1Y correlation of -0.12, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco US Energy Sector UCITS ETF | -0.12 | 0.14 | 0.21 | 57 | Energy Equities | GCED.L vs XLEP.L | |
| Xtrackers MSCI USA Energy UCITS ETF 1D | -0.10 | 0.18 | 0.26 | 54 | Energy Equities | GCED.L vs XSEN.L | |
| SPDR S&P US Energy Select Sector UCITS ETF | -0.08 | 0.18 | — | 56 | Energy Equities | GCED.L vs GXLE.L | |
| State Street SPDR S&P U.S. Energy Select Sector UC... | -0.08 | 0.21 | 0.30 | 60 | Energy Equities | GCED.L vs SXLE.L | |
| iShares S&P 500 Energy Sector UCITS ETF USD (Acc) | -0.07 | 0.21 | 0.30 | 60 | Energy Equities, S&P 500 | GCED.L vs IUES.L |
See all 35 diversifiers for GCED.L
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