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
14 ETFs have low correlation with GCLE.L (below 0.3), 13 of which are negatively correlated. The least correlated is SPDR MSCI World Energy UCITS ETF (ENGW.L) (Energy Equities) with a 1Y correlation of -0.09, down from 0.19 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR MSCI World Energy UCITS ETF | -0.09 | 0.19 | — | 63 | Energy Equities | GCLE.L vs ENGW.L | |
| Xtrackers MSCI USA Energy UCITS ETF 1D | -0.09 | 0.18 | 0.26 | 51 | Energy Equities | GCLE.L vs XSEN.L | |
| SPDR S&P US Energy Select Sector UCITS ETF | -0.07 | 0.18 | — | 54 | Energy Equities | GCLE.L vs GXLE.L | |
| Invesco US Energy Sector UCITS ETF | -0.07 | 0.18 | 0.27 | 53 | Energy Equities | GCLE.L vs XLEP.L | |
| State Street SPDR S&P U.S. Energy Select Sector UC... | -0.07 | 0.21 | 0.30 | 58 | Energy Equities | GCLE.L vs SXLE.L |
See all 41 diversifiers for GCLE.L
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