Looking to diversify beyond GSPX.L? The ETFs below have the lowest correlation with GSPX.L — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from GSPX.L.
Best Diversifiers for GSPX.L
2 ETFs have low correlation with GSPX.L (below 0.3), 2 of which are negatively correlated. The least correlated is iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IUES.L) (Energy Equities) with a 1Y correlation of -0.21, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P 500 Energy Sector UCITS ETF USD (Acc) | -0.21 | 0.09 | 0.22 | 60 | Energy Equities, S&P 500 | GSPX.L vs IUES.L | |
| iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) | -0.02 | 0.02 | 0.06 | 100 | Government Bonds, Ultrashort Bond | GSPX.L vs IB01.L | |
| Invesco S&P 500 QVM UCITS ETF | 0.36 | 0.54 | 0.56 | 78 | S&P 500, Large Cap Value Equities | GSPX.L vs PQVG.L | |
| VanEck Rare Earth and Strategic Metals UCITS ETF A | 0.39 | 0.39 | — | 89 | Precious Metals | GSPX.L vs REGB.L | |
| iShares UK Dividend UCITS ETF | 0.41 | 0.42 | 0.50 | 61 | Dividend | GSPX.L vs IUKD.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from GSPX.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to GSPX.L and solid risk/return profiles. The least correlated is Rolls-Royce Holdings PLC (RR.L) (Industrials) with a 1Y correlation of 0.47, roughly unchanged from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Rolls-Royce Holdings PLC | 0.47 | 0.39 | 0.42 | 75 | Industrials |
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