Looking to balance out your exposure to GRG.L? The ETFs below have the lowest correlation with GRG.L — they tend to move on their own, which can help reduce risk when GRG.L drops. The stock ideas table highlights individual companies that behave independently from GRG.L.
Best Diversifiers for GRG.L
3 ETFs have low correlation with GRG.L (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.L) (Nasdaq-100) with a 1Y correlation of 0.12, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco EQQQ NASDAQ-100 UCITS ETF | 0.12 | 0.20 | 0.31 | 60 | Nasdaq-100 | GRG.L vs EQQQ.L | |
| Amundi MSCI Japan UCITS ETF Acc | 0.13 | 0.22 | 0.25 | 70 | Japan Equities, Asia Pacific Equities | GRG.L vs LCJP.L | |
| Vanguard S&P 500 UCITS ETF (USD) Accumulating | 0.17 | 0.23 | 0.32 | 72 | S&P 500 | GRG.L vs VUAG.L |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GRG.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GRG.L and solid risk/return profiles. The least correlated is Games Workshop Group plc (GAW.L) (Consumer Cyclical) with a 1Y correlation of 0.24, down from 0.38 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Games Workshop Group plc | 0.24 | 0.28 | 0.38 | 78 | Consumer Cyclical | |
| Cranswick plc | 0.36 | 0.34 | 0.33 | 57 | Consumer Defensive |
Build a portfolio that complements GRG.L
Add GRG.L to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with GRG.L