Looking to balance out your exposure to LGEN.L? The ETFs below have the lowest correlation with LGEN.L — they tend to move on their own, which can help reduce risk when LGEN.L drops. The stock ideas table highlights individual companies that behave independently from LGEN.L.
Best Diversifiers for LGEN.L
8 ETFs have low correlation with LGEN.L (below 0.3), 0 of which are negatively correlated. The least correlated is Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP (QYLP.L) (Nasdaq-100) with a 1Y correlation of 0.00, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP | 0.00 | 0.11 | 0.13 | 71 | Nasdaq-100, Options Trading | LGEN.L vs QYLP.L | |
| iShares S&P 500 Information Technology Sector UCIT... | 0.13 | 0.19 | 0.27 | 70 | Technology Equities, S&P 500 | LGEN.L vs IITU.L | |
| VanEck Semiconductor UCITS ETF | 0.16 | 0.26 | 0.33 | 97 | Semiconductors, Technology Equities | LGEN.L vs SMGB.L | |
| Amundi Nasdaq-100 UCITS USD | 0.22 | 0.25 | 0.30 | 78 | Nasdaq-100 | LGEN.L vs ANXG.L | |
| iShares Edge MSCI USA Momentum Factor UCITS ETF | 0.23 | 0.27 | 0.29 | 74 | Momentum, Large Cap Growth Equities | LGEN.L vs IUMF.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LGEN.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LGEN.L and solid risk/return profiles. The least correlated is BP plc (BP.L) (Energy) with a 1Y correlation of -0.12, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BP plc | -0.12 | 0.08 | 0.20 | 87 | Energy | |
| Bunzl plc | 0.10 | 0.27 | 0.31 | 51 | Consumer Defensive | |
| Glencore plc | 0.15 | 0.30 | 0.31 | 96 | Basic Materials | |
| British American Tobacco plc | 0.20 | 0.25 | 0.23 | 79 | Consumer Defensive | |
| National Grid plc | 0.24 | 0.27 | 0.23 | 68 | Utilities |
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