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Lloyds Banking Group plc (LLOY.L) Diversifiers

Equity · Currency in GBp · Last updated Jun 4, 2026

Lloyds Banking Group plc, together with its subsidiaries, provides a range of banking and financial services in the United Kingdom. It operates through three segments: Retail; Commercial Banking; and Insurance, Pensions, and Investments. The Retail segment offers a range of financial service products, including current accounts, savings, mortgages, motor finance, unsecured loans, leasing solutions, and credit cards to personal and small business customers. The Commercial Banking segment provides lending, transactional banking, working capital management, risk management, and debt financing services to small and medium-sized entities, corporates, and institutions. The Insurance, Pensions, and Investments segment offers insurance, investment, and pension management products and services. It also provides digital banking services. The company offers its products and services under the Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows brands. Lloyds Banking Group plc was founded in 1695 and is based in London, the United Kingdom.

Looking to balance out your exposure to LLOY.L? The ETFs below have the lowest correlation with LLOY.L — they tend to move on their own, which can help reduce risk when LLOY.L drops. The stock ideas table highlights individual companies that behave independently from LLOY.L.

Best Diversifiers for LLOY.L

0 ETFs have low correlation with LLOY.L (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Automation & Robotics UCITS ETF (RBTX.L) (Robotics) with a 1Y correlation of 0.30, roughly unchanged from 0.33 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
RBTX.L
iShares Automation & Robotics UCITS ETF0.300.320.33
68
Robotics, Technology EquitiesLLOY.L vs RBTX.L
IGSG.L
iShares Dow Jones Global Sustainability Screened U...0.410.370.39
67
Global EquitiesLLOY.L vs IGSG.L
IJPH.L
iShares MSCI Japan GBP Hedged UCITS ETF0.420.320.37
83
Japan EquitiesLLOY.L vs IJPH.L
VWRL.L
Vanguard FTSE All-World UCITS ETF Distributing0.460.390.40
85
Global EquitiesLLOY.L vs VWRL.L
VUKE.L
Vanguard FTSE 100 UCITS ETF Distributing0.670.600.60
53
Europe EquitiesLLOY.L vs VUKE.L

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from LLOY.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LLOY.L and solid risk/return profiles. The least correlated is BP plc (BP.L) (Energy) with a 1Y correlation of -0.15, down from 0.23 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
BP.L
BP plc-0.150.100.23
86
Energy
NG.L
National Grid plc0.180.200.15
67
Utilities
GLEN.L
Glencore plc0.190.310.33
96
Basic Materials
BATS.L
British American Tobacco plc0.190.210.21
80
Consumer Defensive
TSCO.L
Tesco PLC0.230.210.26
63
Consumer Defensive
See all 11 low-correlation stocks for LLOY.L

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Diversification Analysis

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