Looking to diversify beyond GCLX.L? The ETFs below have the lowest correlation with GCLX.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 GCLX.L.
Best Diversifiers for GCLX.L
7 ETFs have low correlation with GCLX.L (below 0.3), 6 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 -0.11, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| HANetf Alerian Midstream Energy Dividend UCITS ETF | -0.11 | 0.11 | 0.25 | 59 | Energy Equities | GCLX.L vs PMLP.L | |
| State Street SPDR MSCI World Energy UCITS ETF | -0.04 | 0.18 | 0.23 | 52 | Energy Equities | GCLX.L vs ENGW.L | |
| iShares MSCI World Energy Sector UCITS ETF USD (Di... | -0.04 | 0.18 | — | 52 | Energy Equities | GCLX.L vs WENS.L | |
| SPDR MSCI Europe Energy UCITS ETF | -0.01 | 0.21 | 0.24 | 56 | Energy Equities | GCLX.L vs ENGE.L | |
| iShares MSCI Europe Energy Sector UCITS ETF EUR (A... | -0.00 | 0.22 | 0.25 | 51 | Energy Equities | GCLX.L vs ESIE.L |
See all 28 diversifiers for GCLX.L
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