Looking to balance out your exposure to GSK.L? The ETFs below have the lowest correlation with GSK.L — they tend to move on their own, which can help reduce risk when GSK.L drops. The stock ideas table highlights individual companies that behave independently from GSK.L.
Best Diversifiers for GSK.L
3 ETFs have low correlation with GSK.L (below 0.3), 1 of which are negatively correlated. The least correlated is Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.L) (Nasdaq-100) with a 1Y correlation of -0.06, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco EQQQ NASDAQ-100 UCITS ETF | -0.06 | -0.03 | 0.05 | 78 | Nasdaq-100 | GSK.L vs EQQQ.L | |
| iShares Core MSCI World UCITS ETF USD (Acc) | 0.13 | 0.14 | 0.20 | 83 | Global Equities | GSK.L vs SWDA.L | |
| HSBC MSCI World UCITS ETF | 0.14 | 0.13 | 0.19 | 78 | Global Equities | GSK.L vs HMWO.L |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GSK.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GSK.L and solid risk/return profiles. The least correlated is Rolls-Royce Holdings PLC (RR.L) (Industrials) with a 1Y correlation of 0.05, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Rolls-Royce Holdings PLC | 0.05 | 0.08 | 0.06 | 75 | Industrials | |
| Samsung Electronics Co. Ltd | 0.06 | 0.08 | 0.13 | 99 | Technology | |
| Halma plc | 0.11 | 0.13 | 0.15 | 93 | Industrials | |
| Rio Tinto PLC | 0.15 | 0.12 | 0.10 | 96 | Basic Materials | |
| AstraZeneca plc | 0.65 | 0.53 | 0.53 | 74 | Healthcare |
Build a portfolio that complements GSK.L
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