Looking to balance out your exposure to GPM.L? The ETFs below have the lowest correlation with GPM.L — they tend to move on their own, which can help reduce risk when GPM.L drops. The stock ideas table highlights individual companies that behave independently from GPM.L.
Best Diversifiers for GPM.L
0 ETFs have low correlation with GPM.L (below 0.3), 0 of which are negatively correlated. The least correlated is Global X Silver Miners UCITS ETF USD Accumulating (SILG.L) (Silver) with a 1Y correlation of 0.63, up from 0.49 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Silver Miners UCITS ETF USD Accumulating | 0.63 | 0.49 | — | 54 | Silver, Commodity Producers Equities, Precious Metals | GPM.L vs SILG.L |
Diversification Analysis
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