Looking to diversify beyond GLAG.L? The ETFs below have the lowest correlation with GLAG.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 GLAG.L.
Best Diversifiers for GLAG.L
2 ETFs have low correlation with GLAG.L (below 0.3), 0 of which are negatively correlated. The least correlated is First Trust Low Duration Global Government Bond UCITS ETF GBP Hedged dist (FGOV.L) (Global Bonds) with a 1Y correlation of 0.05, down from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Low Duration Global Government Bond UC... | 0.05 | 0.17 | 0.21 | 65 | Global Bonds | GLAG.L vs FGOV.L | |
| SPDR MSCI ACWI UCITS ETF | 0.23 | 0.20 | 0.10 | 86 | Global Equities | GLAG.L vs ACWI.L | |
| SPDR S&P 500 UCITS ETF | 0.33 | 0.22 | 0.20 | 83 | S&P 500 | GLAG.L vs SPX5.L | |
| SPDR MSCI USA Small Cap Value Weighted UCITS ETF | 0.33 | 0.29 | 0.24 | 75 | Small Cap Value Equities | GLAG.L vs USSC.L | |
| State Street SPDR S&P 500 UCITS ETF | 0.38 | 0.27 | 0.24 | 75 | S&P 500 | GLAG.L vs SPY5.L |
See all 9 diversifiers for GLAG.L
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Diversification Analysis
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