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
1 ETFs have low correlation with GEND.L (below 0.3), 0 of which are negatively correlated. The least correlated is Lyxor Smart Overnight Return UCITS ETF C-GBP (CSH2.L) (Money Market) with a 1Y correlation of 0.01, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lyxor Smart Overnight Return UCITS ETF C-GBP | 0.01 | -0.01 | -0.02 | 99 | Money Market | GEND.L vs CSH2.L | |
| WisdomTree Battery Solutions UCITS ETF - USD Acc | 0.32 | 0.49 | 0.55 | 65 | Alternative Energy Equities, Global Equities | GEND.L vs CHRG.L | |
| L&G Battery Value-Chain UCITS ETF | 0.38 | 0.52 | 0.61 | 95 | Alternative Energy Equities, Global Equities | GEND.L vs BATG.L | |
| Amundi Nasdaq-100 UCITS USD | 0.39 | 0.47 | 0.57 | 76 | Nasdaq-100 | GEND.L vs ANXU.L | |
| Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc | 0.49 | 0.53 | 0.56 | 55 | Financials Equities | GEND.L vs BNKE.L |
See all 22 diversifiers for GEND.L
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