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Glencore plc (GLEN.L) Diversifiers

Equity · Currency in GBp · Last updated Aug 1, 2026
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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 historically moved differently from GLEN.L, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.

Best Diversifiers for GLEN.L

2 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 -0.08, up from -0.20 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
SDIA.L
iShares USD Short Duration Corporate Bond UCITS ET...-0.08-0.11-0.20
75
Corporate BondsGLEN.L vs SDIA.L
CMOP.L
Invesco Bloomberg Commodity UCITS ETF Acc0.240.230.28
72
CommoditiesGLEN.L vs CMOP.L
VWRP.L
Vanguard FTSE All-World UCITS ETF (USD) Accumulati...0.320.340.32
75
Global EquitiesGLEN.L vs VWRP.L
VUKE.L
Vanguard FTSE 100 UCITS ETF Distributing0.390.450.49
79
Europe EquitiesGLEN.L vs VUKE.L

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Low-Correlation Stock Ideas

The table shows companies with at least $1B in market capitalization, historical correlation data for GLEN.L, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Bunzl plc (BNZL.L) (Consumer Defensive) with a 1Y correlation of -0.07, down from 0.08 over 5 years.

How candidates are selected
SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
BNZL.L
Bunzl plc-0.070.050.08
76
Consumer Defensive
CCH.L
Coca Cola HBC AG0.020.060.06
77
Consumer Defensive
GAW.L
Games Workshop Group plc0.030.110.13
69
Consumer Cyclical
BATS.L
British American Tobacco plc0.050.050.10
69
Consumer Defensive
TSCO.L
Tesco PLC0.080.030.09
69
Consumer Defensive
See all 19 low-correlation stocks for GLEN.L

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Diversification Analysis

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