Looking to diversify beyond LCJP.L? The ETFs below have the lowest correlation with LCJP.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 LCJP.L.
Best Diversifiers for LCJP.L
1 ETFs have low correlation with LCJP.L (below 0.3), 0 of which are negatively correlated. The least correlated is Amundi Smart Overnight Return UCITS ETF GBP Hedged Acc (CSH2.L) (Money Market) with a 1Y correlation of 0.13, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Amundi Smart Overnight Return UCITS ETF GBP Hedged... | 0.13 | 0.05 | 0.03 | 99 | Money Market | LCJP.L vs CSH2.L | |
| VanEck Morningstar Developed Markets Dividend Lead... | 0.37 | 0.43 | 0.46 | 94 | Global Equities, Dividend | LCJP.L vs TDGB.L | |
| Amundi FTSE 100 UCITS ETF | 0.45 | 0.45 | 0.45 | 72 | Europe Equities | LCJP.L vs 100D.L | |
| Invesco EQQQ NASDAQ-100 UCITS ETF | 0.45 | 0.44 | 0.48 | 76 | Nasdaq-100 | LCJP.L vs EQQQ.L | |
| Amundi Nasdaq-100 UCITS USD | 0.46 | 0.44 | 0.48 | 75 | Nasdaq-100 | LCJP.L vs ANXG.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LCJP.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LCJP.L and solid risk/return profiles. The least correlated is Games Workshop Group plc (GAW.L) (Consumer Cyclical) with a 1Y correlation of 0.22, roughly unchanged from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Games Workshop Group plc | 0.22 | 0.22 | 0.27 | 82 | Consumer Cyclical | |
| AstraZeneca plc | 0.24 | 0.24 | 0.22 | 83 | Healthcare |
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