Looking to diversify beyond GGRP.L? The ETFs below have the lowest correlation with GGRP.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 GGRP.L.
Best Diversifiers for GGRP.L
18 ETFs have low correlation with GGRP.L (below 0.3), 11 of which are negatively correlated. The least correlated is WisdomTree Brent Crude Oil (BRNT.L) (Oil & Gas) with a 1Y correlation of -0.40, down from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Brent Crude Oil | -0.40 | -0.10 | 0.06 | 61 | Oil & Gas | GGRP.L vs BRNT.L | |
| WisdomTree Enhanced Commodity UCITS ETF GBP Hedged... | -0.29 | -0.06 | 0.05 | 85 | Commodities | GGRP.L vs WCOM.L | |
| WisdomTree Enhanced Commodity UCITS ETF USD | -0.22 | 0.01 | 0.11 | 80 | Commodities | GGRP.L vs WCOG.L | |
| WisdomTree Enhanced Commodity UCITS ETF USD Acc | -0.22 | 0.02 | 0.10 | 81 | Commodities | GGRP.L vs WCOB.L | |
| WisdomTree Broad Commodities Ex-Agriculture and Li... | -0.21 | 0.04 | 0.16 | 78 | Commodities | GGRP.L vs XFRM.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GGRP.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GGRP.L and solid risk/return profiles. The least correlated is JP Morgan Global Growth & Income plc (JGGI.L) (Financial Services) with a 1Y correlation of 0.69, roughly unchanged from 0.70 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| JP Morgan Global Growth & Income plc | 0.69 | 0.73 | 0.70 | 76 | Financial Services |
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