Looking to diversify beyond LGEG.L? The ETFs below have the lowest correlation with LGEG.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 LGEG.L.
Best Diversifiers for LGEG.L
2 ETFs have low correlation with LGEG.L (below 0.3), 2 of which are negatively correlated. The least correlated is L&G All Commodities UCITS ETF (BCOG.L) (Commodities) with a 1Y correlation of -0.26, down from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| L&G All Commodities UCITS ETF | -0.26 | -0.07 | -0.00 | 64 | Commodities | LGEG.L vs BCOG.L | |
| L&G Longer Dated All Commodities UCITS ETF | -0.22 | -0.07 | -0.01 | 69 | Commodities | LGEG.L vs CMFP.L | |
| JPMorgan Eurozone Research Enhanced Index Equity (... | 0.35 | — | — | 99 | Europe Equities | LGEG.L vs JRDZ.L | |
| L&G Artificial Intelligence UCITS ETF | 0.49 | 0.54 | 0.57 | 82 | Technology Equities | LGEG.L vs AIAG.L | |
| Franklin European Quality Dividend UCITS ETF | 0.51 | 0.57 | 0.66 | 80 | Europe Equities | LGEG.L vs FLXD.L |
To view more results, upgrade your current subscription plan.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LGEG.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LGEG.L and solid risk/return profiles. The least correlated is Legal & General Group plc (LGEN.L) (Financial Services) with a 1Y correlation of 0.41, down from 0.57 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Legal & General Group plc | 0.41 | 0.51 | 0.57 | 63 | Financial Services |
Build a portfolio that complements LGEG.L
Add LGEG.L to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with LGEG.L