Looking to diversify beyond GLAU.L? The ETFs below have the lowest correlation with GLAU.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 GLAU.L.
Best Diversifiers for GLAU.L
5 ETFs have low correlation with GLAU.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 0.07, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust Low Duration Global Government Bond UC... | 0.07 | 0.07 | 0.06 | 65 | Global Bonds | GLAU.L vs FGOV.L | |
| SPDR MSCI ACWI UCITS ETF | 0.22 | 0.16 | 0.09 | 86 | Global Equities | GLAU.L vs ACWI.L | |
| SPDR MSCI USA Small Cap Value Weighted UCITS ETF | 0.24 | 0.18 | 0.11 | 75 | Small Cap Value Equities | GLAU.L vs USSC.L | |
| SPDR S&P 500 UCITS ETF | 0.27 | 0.15 | 0.10 | 83 | S&P 500 | GLAU.L vs SPX5.L | |
| State Street SPDR S&P 500 UCITS ETF | 0.28 | 0.17 | 0.11 | 75 | S&P 500 | GLAU.L vs SPY5.L |
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