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
14 ETFs have low correlation with GCLX.L (below 0.3), 12 of which are negatively correlated. The least correlated is Xtrackers MSCI USA Energy UCITS ETF 1D (XSEN.L) (Energy Equities) with a 1Y correlation of -0.10, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Xtrackers MSCI USA Energy UCITS ETF 1D | -0.10 | 0.15 | 0.21 | 54 | Energy Equities | GCLX.L vs XSEN.L | |
| SPDR S&P US Energy Select Sector UCITS ETF | -0.09 | 0.15 | — | 56 | Energy Equities | GCLX.L vs GXLE.L | |
| Invesco US Energy Sector UCITS ETF | -0.09 | 0.15 | 0.22 | 57 | Energy Equities | GCLX.L vs XLEP.L | |
| iShares S&P 500 Energy Sector UCITS ETF USD (Acc) | -0.09 | 0.17 | 0.23 | 60 | Energy Equities, S&P 500 | GCLX.L vs IUES.L | |
| Invesco Energy S&P US Select Sector UCITS ETF Acc | -0.07 | 0.19 | 0.23 | 62 | Energy Equities | GCLX.L vs XLES.L |
See all 36 diversifiers for GCLX.L
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