Looking to diversify beyond GINC.L? The ETFs below have the lowest correlation with GINC.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 GINC.L.
Best Diversifiers for GINC.L
2 ETFs have low correlation with GINC.L (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Income Active UCITS ETF USD (dist) (JPST.L) (Dividend) with a 1Y correlation of 0.14, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan ETFs (Ireland) ICAV - USD Ultra-Short Inc... | 0.14 | 0.10 | 0.10 | 99 | Dividend | GINC.L vs JPST.L | |
| First Trust Nasdaq Clean Edge Green Energy UCITS E... | 0.26 | 0.39 | 0.42 | 55 | Energy Equities | GINC.L vs QCLN.L | |
| First Trust NYSE Arca Biotechnology UCITS ETF Acc | 0.33 | 0.34 | 0.35 | 82 | Health & Biotech Equities | GINC.L vs FBT.L | |
| First Trust US Equity Income UCITS ETF | 0.41 | 0.51 | 0.59 | 81 | Dividend | GINC.L vs UINC.L | |
| First Trust US Equity Income UCITS ETF Class B | 0.45 | 0.53 | 0.58 | 72 | Dividend | GINC.L vs UNCU.L |
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