Looking to balance out your exposure to GGP.L? The ETFs below have the lowest correlation with GGP.L — they tend to move on their own, which can help reduce risk when GGP.L drops. The stock ideas table highlights individual companies that behave independently from GGP.L.
Best Diversifiers for GGP.L
1 ETFs have low correlation with GGP.L (below 0.3), 0 of which are negatively correlated. The least correlated is Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF - Dist (NRJL.L) (Energy Equities) with a 1Y correlation of 0.21, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lyxor MSCI New Energy ESG Filtered (DR) UCITS ETF ... | 0.21 | 0.10 | 0.12 | 96 | Energy Equities | GGP.L vs NRJL.L | |
| VanEck Rare Earth and Strategic Metals UCITS ETF A | 0.33 | 0.15 | 0.15 | 89 | Precious Metals | GGP.L vs REGB.L | |
| iShares Physical Silver ETC | 0.48 | 0.26 | 0.20 | 56 | Silver, Precious Metals | GGP.L vs SSLN.L |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GGP.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GGP.L and solid risk/return profiles. The least correlated is Atalaya Mining Ltd (ATYM.L) (Basic Materials) with a 1Y correlation of 0.30, up from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Atalaya Mining Ltd | 0.30 | 0.18 | 0.15 | 82 | Basic Materials | |
| Glencore plc | 0.31 | 0.14 | 0.13 | 96 | Basic Materials | |
| Anglo American plc | 0.34 | 0.15 | 0.15 | 87 | Basic Materials | |
| Antofagasta plc | 0.38 | 0.14 | 0.14 | 91 | Basic Materials | |
| Fresnillo plc | 0.45 | 0.28 | 0.21 | 91 | Basic Materials |
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