Looking to diversify beyond GLAB.L? The ETFs below have the lowest correlation with GLAB.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 GLAB.L.
Best Diversifiers for GLAB.L
7 ETFs have low correlation with GLAB.L (below 0.3), 0 of which are negatively correlated. The least correlated is SPDR S&P 500 UCITS ETF (SPX5.L) (S&P 500) with a 1Y correlation of 0.20, up from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR S&P 500 UCITS ETF | 0.20 | 0.09 | 0.02 | 81 | S&P 500 | GLAB.L vs SPX5.L | |
| State Street SPDR S&P 500 UCITS ETF | 0.21 | 0.11 | 0.04 | 74 | S&P 500 | GLAB.L vs SPY5.L | |
| SPDR MSCI USA Small Cap Value Weighted UCITS ETF | 0.23 | 0.19 | 0.06 | 71 | Small Cap Value Equities | GLAB.L vs USSC.L | |
| SPDR MSCI World UCITS ETF | 0.28 | 0.15 | 0.05 | 81 | Global Equities | GLAB.L vs SWLD.L | |
| SPDR MSCI World UCITS ETF | 0.28 | 0.16 | 0.07 | 67 | Large Cap Growth Equities | GLAB.L vs SWRD.L |
See all 9 diversifiers for GLAB.L
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Diversification Analysis
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