Looking to balance out your exposure to JGGI.L? The ETFs below have the lowest correlation with JGGI.L — they tend to move on their own, which can help reduce risk when JGGI.L drops. The stock ideas table highlights individual companies that behave independently from JGGI.L.
Best Diversifiers for JGGI.L
5 ETFs have low correlation with JGGI.L (below 0.3), 2 of which are negatively correlated. The least correlated is iShares $ TIPS 0-5 UCITS ETF GBP Hedged (Dist) (TI5G.L) (Inflation-Protected Bonds) with a 1Y correlation of -0.12, down from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares $ TIPS 0-5 UCITS ETF GBP Hedged (Dist) | -0.12 | -0.07 | 0.00 | 65 | Inflation-Protected Bonds | JGGI.L vs TI5G.L | |
| Lyxor Smart Overnight Return UCITS ETF C-GBP | -0.03 | -0.04 | -0.02 | 99 | Money Market | JGGI.L vs CSH2.L | |
| iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) | 0.01 | 0.04 | 0.07 | 100 | Government Bonds, Ultrashort Bond | JGGI.L vs IB01.L | |
| iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dis... | 0.01 | 0.08 | 0.02 | 99 | Government Bonds, Ultrashort Bond | JGGI.L vs IBTU.L | |
| VanEck Morningstar Developed Markets Dividend Lead... | 0.30 | 0.40 | 0.48 | 91 | Global Equities, Dividend | JGGI.L vs TDGB.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JGGI.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JGGI.L and solid risk/return profiles. The least correlated is Tesco PLC (TSCO.L) (Consumer Defensive) with a 1Y correlation of -0.02, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tesco PLC | -0.02 | 0.05 | 0.16 | 66 | Consumer Defensive | |
| Blackrock World Mining Trust plc | 0.31 | 0.38 | 0.39 | 92 | Financial Services | |
| 3I Infrastructure plc | 0.37 | 0.34 | 0.29 | 64 | Financial Services | |
| The City of London Investment Trust plc | 0.50 | 0.52 | 0.57 | 80 | Financial Services | |
| Allianz Technology Trust plc | 0.67 | 0.72 | 0.66 | 96 | Financial Services |
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