Looking to diversify beyond GEND.L? The ETFs below have the lowest correlation with GEND.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 GEND.L.
Best Diversifiers for GEND.L
3 ETFs have low correlation with GEND.L (below 0.3), 0 of which are negatively correlated. The least correlated is Amundi Smart Overnight Return UCITS ETF GBP Hedged Acc (CSH2.L) (Money Market) with a 1Y correlation of 0.04, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Amundi Smart Overnight Return UCITS ETF GBP Hedged... | 0.04 | 0.00 | -0.01 | 99 | Money Market | GEND.L vs CSH2.L | |
| VanEck Semiconductor UCITS ETF | 0.29 | 0.41 | 0.54 | 96 | Semiconductors, Technology Equities, ESG, Global Equities | GEND.L vs SMH.L | |
| WisdomTree Battery Solutions UCITS ETF - USD Acc | 0.30 | 0.48 | 0.55 | 90 | Lithium & Battery Metals, Alternative Energy Equities, Global Equities | GEND.L vs CHRG.L | |
| L&G Battery Value-Chain UCITS ETF | 0.35 | 0.51 | 0.60 | 94 | Lithium & Battery Metals, Alternative Energy Equities, Global Equities | GEND.L vs BATG.L | |
| Amundi Nasdaq-100 UCITS USD | 0.37 | 0.45 | 0.57 | 67 | Nasdaq-100 | GEND.L vs ANXU.L |
See all 25 diversifiers for GEND.L
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Diversification Analysis
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