Looking to diversify beyond GCLE.L? The ETFs below have the lowest correlation with GCLE.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 GCLE.L.
Best Diversifiers for GCLE.L
6 ETFs have low correlation with GCLE.L (below 0.3), 5 of which are negatively correlated. The least correlated is HANetf Alerian Midstream Energy Dividend UCITS ETF (PMLP.L) (Energy Equities) with a 1Y correlation of -0.14, down from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| HANetf Alerian Midstream Energy Dividend UCITS ETF | -0.14 | 0.11 | 0.24 | 59 | Energy Equities | GCLE.L vs PMLP.L | |
| State Street SPDR MSCI World Energy UCITS ETF | -0.07 | 0.18 | 0.22 | 52 | Energy Equities | GCLE.L vs ENGW.L | |
| iShares MSCI World Energy Sector UCITS ETF USD (Di... | -0.06 | 0.17 | — | 52 | Energy Equities | GCLE.L vs WENS.L | |
| iShares MSCI Europe Energy Sector UCITS ETF EUR (A... | -0.03 | 0.21 | 0.24 | 51 | Energy Equities | GCLE.L vs ESIE.L | |
| iShares MSCI Europe Energy Sector UCITS ETF EUR (D... | -0.03 | 0.22 | — | 52 | Energy Equities | GCLE.L vs EYED.L |
See all 33 diversifiers for GCLE.L
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