Looking to diversify beyond LCCN.L? The ETFs below have the lowest correlation with LCCN.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 LCCN.L.
Best Diversifiers for LCCN.L
3 ETFs have low correlation with LCCN.L (below 0.3), 0 of which are negatively correlated. The least correlated is Xtrackers MSCI Europe Utilities ESG Screened UCITS ETF 1C (XS6R.L) (Utilities Equities) with a 1Y correlation of 0.16, roughly unchanged from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Xtrackers MSCI Europe Utilities ESG Screened UCITS... | 0.16 | 0.20 | 0.23 | 54 | Utilities Equities | LCCN.L vs XS6R.L | |
| Lyxor Smart Overnight Return UCITS ETF C-GBP | 0.26 | 0.28 | 0.29 | 99 | Money Market | LCCN.L vs CSH2.L | |
| Invesco EURO STOXX Optimised Banks UCITS ETF | 0.29 | 0.34 | 0.31 | 50 | Financials Equities | LCCN.L vs S7XP.L | |
| Amundi S&P 500 Swap UCITS ETF USD Acc | 0.39 | 0.33 | 0.37 | 82 | S&P 500 | LCCN.L vs 500G.L | |
| Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc | 0.39 | 0.43 | 0.40 | 55 | Financials Equities | LCCN.L vs BNKE.L |
See all 32 diversifiers for LCCN.L
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Diversification Analysis
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