Looking to balance out your exposure to GDWN.L? The ETFs below have the lowest correlation with GDWN.L — they tend to move on their own, which can help reduce risk when GDWN.L drops. The stock ideas table highlights individual companies that behave independently from GDWN.L.
No Diversifiers Found for GDWN.L
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GDWN.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GDWN.L and solid risk/return profiles. The least correlated is Fresnillo plc (FRES.L) (Basic Materials) with a 1Y correlation of 0.17, up from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Fresnillo plc | 0.17 | 0.09 | 0.05 | 91 | Basic Materials | |
| Airtel Africa plc | 0.23 | 0.17 | 0.12 | 87 | Communication Services | |
| Samsung Electronics Co. Ltd | 0.27 | 0.16 | 0.13 | 99 | Technology |
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