Looking to diversify beyond LGUK.L? The ETFs below have the lowest correlation with LGUK.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 LGUK.L.
Best Diversifiers for LGUK.L
10 ETFs have low correlation with LGUK.L (below 0.3), 3 of which are negatively correlated. The least correlated is L&G All Commodities UCITS ETF (BCOG.L) (Commodities) with a 1Y correlation of -0.06, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| L&G All Commodities UCITS ETF | -0.06 | 0.07 | 0.13 | 64 | Commodities | LGUK.L vs BCOG.L | |
| L&G Multi-Strategy Enhanced Commodities UCITS ETF | -0.06 | 0.07 | — | 61 | Commodities | LGUK.L vs ENCG.L | |
| L&G Longer Dated All Commodities UCITS ETF | -0.04 | 0.07 | 0.13 | 69 | Commodities | LGUK.L vs CMFP.L | |
| Xtrackers MSCI World Information Technology UCITS ... | 0.15 | 0.24 | 0.32 | 68 | Technology Equities | LGUK.L vs XDWT.L | |
| JPMorgan Eurozone Research Enhanced Index Equity (... | 0.18 | 0.13 | 0.13 | 99 | Europe Equities | LGUK.L vs JRDZ.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from LGUK.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LGUK.L and solid risk/return profiles. The least correlated is Rolls-Royce Holdings PLC (RR.L) (Industrials) with a 1Y correlation of 0.29, down from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Rolls-Royce Holdings PLC | 0.29 | 0.36 | 0.43 | 75 | Industrials |
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