Looking to balance out your exposure to GCP.L? The ETFs below have the lowest correlation with GCP.L — they tend to move on their own, which can help reduce risk when GCP.L drops. The stock ideas table highlights individual companies that behave independently from GCP.L.
Best Diversifiers for GCP.L
8 ETFs have low correlation with GCP.L (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Edge MSCI USA Momentum Factor UCITS ETF (IUMF.L) (Momentum) with a 1Y correlation of 0.02, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Edge MSCI USA Momentum Factor UCITS ETF | 0.02 | 0.15 | 0.14 | 54 | Momentum, Large Cap Growth Equities | GCP.L vs IUMF.L | |
| VanEck Semiconductor UCITS ETF | 0.06 | 0.17 | 0.18 | 95 | Semiconductors, Technology Equities | GCP.L vs SMGB.L | |
| SPDR Russell 2000 US Small Cap UCITS ETF | 0.07 | 0.27 | 0.25 | 81 | Small Cap Blend Equities | GCP.L vs R2SC.L | |
| Vanguard FTSE Japan UCITS ETF Distributing | 0.08 | 0.20 | 0.18 | 70 | Japan Equities, Asia Pacific Equities | GCP.L vs VJPN.L | |
| iShares Core MSCI World UCITS ETF USD (Acc) | 0.09 | 0.24 | 0.24 | 81 | Global Equities | GCP.L vs SWDA.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GCP.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GCP.L and solid risk/return profiles. The least correlated is LondonMetric Property plc (LMP.L) (Real Estate) with a 1Y correlation of 0.10, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| LondonMetric Property plc | 0.10 | 0.24 | 0.29 | 55 | Real Estate | |
| Tritax Big Box REIT plc | 0.13 | 0.25 | 0.29 | 71 | Real Estate | |
| Legal & General Group plc | 0.15 | 0.25 | 0.29 | 77 | Financial Services | |
| Abrdn plc | 0.21 | 0.29 | 0.27 | 79 | Financial Services | |
| Murray International Trust | 0.21 | 0.35 | 0.36 | 94 | Financial Services |
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