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Glencore plc (GLEN.L) Diversifiers

Equity · Currency in GBp · Last updated Jun 4, 2026

Glencore plc engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, and energy products in the Americas, Europe, Asia, Africa, and Oceania. It operates through two segments: Marketing Activities and Industrial Activities. The company engages in production and marketing copper, cobalt, nickel, zinc, lead, chrome ore, ferrochrome, vanadium, aluminum, alumina, and iron ore; and coal, crude oil, refined products, and natural gas, as well as oil exploration/production and refining/distribution. It also operates marketing and distribution of physical commodities sourced from third party producers and company's production to industrial consumers, including the battery, electronic, construction, automotive, steel, energy, and oil industries. In addition, the company provides financing, logistics, and other services to producers and consumers of commodities. Glencore plc was founded in 1974 and is headquartered in Baar, Switzerland.

Looking to balance out your exposure to GLEN.L? The ETFs below have the lowest correlation with GLEN.L — they tend to move on their own, which can help reduce risk when GLEN.L drops. The stock ideas table highlights individual companies that behave independently from GLEN.L.

Best Diversifiers for GLEN.L

3 ETFs have low correlation with GLEN.L (below 0.3), 1 of which are negatively correlated. The least correlated is iShares USD Short Duration Corporate Bond UCITS ETF (Acc) (SDIA.L) (Corporate Bonds) with a 1Y correlation of -0.09, up from -0.21 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
SDIA.L
iShares USD Short Duration Corporate Bond UCITS ET...-0.09-0.11-0.21
78
Corporate BondsGLEN.L vs SDIA.L
CMOP.L
Invesco Bloomberg Commodity UCITS ETF Acc0.160.230.29
68
CommoditiesGLEN.L vs CMOP.L
VWRP.L
Vanguard FTSE All-World UCITS ETF (USD) Accumulati...0.250.330.32
85
Global EquitiesGLEN.L vs VWRP.L
VUKE.L
Vanguard FTSE 100 UCITS ETF Distributing0.370.470.50
53
Europe EquitiesGLEN.L vs VUKE.L

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from GLEN.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GLEN.L and solid risk/return profiles. The least correlated is Games Workshop Group plc (GAW.L) (Consumer Cyclical) with a 1Y correlation of -0.00, down from 0.14 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
GAW.L
Games Workshop Group plc-0.000.120.14
72
Consumer Cyclical
TSCO.L
Tesco PLC0.080.050.10
63
Consumer Defensive
CCH.L
Coca Cola HBC AG0.080.090.08
52
Consumer Defensive
BATS.L
British American Tobacco plc0.090.070.10
80
Consumer Defensive
LGEN.L
Legal & General Group plc0.150.300.31
60
Financial Services
See all 14 low-correlation stocks for GLEN.L

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Diversification Analysis

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