Looking to diversify beyond LDEG.L? The ETFs below have the lowest correlation with LDEG.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 LDEG.L.
Best Diversifiers for LDEG.L
6 ETFs have low correlation with LDEG.L (below 0.3), 4 of which are negatively correlated. The least correlated is L&G Multi-Strategy Enhanced Commodities UCITS ETF (ENCG.L) (Commodities) with a 1Y correlation of -0.21, down from -0.03 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| L&G Multi-Strategy Enhanced Commodities UCITS ETF | -0.21 | -0.03 | — | 61 | Commodities | LDEG.L vs ENCG.L | |
| L&G All Commodities UCITS ETF | -0.18 | -0.01 | 0.05 | 64 | Commodities | LDEG.L vs BCOG.L | |
| L&G Longer Dated All Commodities UCITS ETF | -0.13 | -0.01 | 0.05 | 69 | Commodities | LDEG.L vs CMFP.L | |
| iShares MSCI World Energy Sector UCITS ETF USD (Di... | -0.10 | 0.18 | — | 59 | Energy Equities | LDEG.L vs WENS.L | |
| iShares MSCI Europe Energy Sector UCITS ETF EUR (A... | 0.01 | 0.29 | 0.29 | 78 | Energy Equities | LDEG.L vs ESIE.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LDEG.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LDEG.L and solid risk/return profiles. The least correlated is British American Tobacco plc (BATS.L) (Consumer Defensive) with a 1Y correlation of 0.19, roughly unchanged from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| British American Tobacco plc | 0.19 | 0.22 | 0.21 | 79 | Consumer Defensive | |
| CRH plc | 0.42 | 0.43 | 0.44 | 73 | Basic Materials | |
| The City of London Investment Trust plc | 0.65 | 0.68 | 0.59 | 80 | Financial Services |
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