Looking to diversify beyond L100.L? The ETFs below have the lowest correlation with L100.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 L100.L.
Best Diversifiers for L100.L
2 ETFs have low correlation with L100.L (below 0.3), 0 of which are negatively correlated. The least correlated is Lyxor Smart Overnight Return UCITS ETF C-GBP (CSH2.L) (Money Market) with a 1Y correlation of 0.06, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lyxor Smart Overnight Return UCITS ETF C-GBP | 0.06 | 0.03 | 0.03 | 99 | Money Market | L100.L vs CSH2.L | |
| Amundi Nasdaq-100 UCITS USD | 0.30 | 0.32 | 0.37 | 76 | Nasdaq-100 | L100.L vs ANXU.L | |
| JPMorgan Eurozone Research Enhanced Index Equity (... | 0.33 | 0.22 | 0.22 | 99 | Europe Equities | L100.L vs JRDZ.L | |
| Amundi S&P 500 Swap UCITS ETF USD Acc | 0.39 | 0.43 | 0.49 | 82 | S&P 500 | L100.L vs 500G.L | |
| UBS ETF (LU) Factor MSCI EMU Prime Value UCITS ETF... | 0.41 | 0.27 | 0.22 | 90 | Europe Equities | L100.L vs UD03.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from L100.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to L100.L and solid risk/return profiles. The least correlated is British American Tobacco plc (BATS.L) (Consumer Defensive) with a 1Y correlation of 0.32, roughly unchanged from 0.35 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| British American Tobacco plc | 0.32 | 0.35 | 0.35 | 79 | Consumer Defensive |
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