Looking to diversify beyond GLDA.L? The ETFs below have the lowest correlation with GLDA.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 GLDA.L.
Best Diversifiers for GLDA.L
13 ETFs have low correlation with GLDA.L (below 0.3), 1 of which are negatively correlated. The least correlated is Amundi Smart Overnight Return UCITS ETF GBP Hedged Acc (CSH2.L) (Money Market) with a 1Y correlation of -0.04, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Amundi Smart Overnight Return UCITS ETF GBP Hedged... | -0.04 | 0.00 | -0.01 | 99 | Money Market | GLDA.L vs CSH2.L | |
| Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc | 0.15 | 0.01 | -0.07 | 77 | Financials Equities | GLDA.L vs BNKE.L | |
| Amundi Nasdaq-100 UCITS USD | 0.16 | 0.02 | -0.03 | 67 | Nasdaq-100 | GLDA.L vs ANXU.L | |
| Lyxor S&P 500 UCITS ETF - Acc | 0.16 | 0.08 | 0.02 | 81 | S&P 500 | GLDA.L vs SP5L.L | |
| iShares Core S&P 500 UCITS ETF USD (Acc) | 0.16 | 0.05 | -0.01 | 66 | S&P 500 | GLDA.L vs CSPX.L |
See all 14 diversifiers for GLDA.L
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