Looking to balance out your exposure to LMP.L? The ETFs below have the lowest correlation with LMP.L — they tend to move on their own, which can help reduce risk when LMP.L drops. The stock ideas table highlights individual companies that behave independently from LMP.L.
Best Diversifiers for LMP.L
7 ETFs have low correlation with LMP.L (below 0.3), 1 of which are negatively correlated. The least correlated is Lyxor Smart Overnight Return UCITS ETF C-GBP (CSH2.L) (Money Market) with a 1Y correlation of -0.02, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lyxor Smart Overnight Return UCITS ETF C-GBP | -0.02 | 0.06 | 0.03 | 99 | Money Market | LMP.L vs CSH2.L | |
| VanEck Rare Earth and Strategic Metals UCITS ETF A | 0.06 | 0.12 | — | 90 | Precious Metals | LMP.L vs REGB.L | |
| JPM Nasdaq Equity Premium Income Active UCITS ETF ... | 0.06 | 0.07 | 0.07 | 84 | Nasdaq-100, Derivative Income | LMP.L vs JEQP.L | |
| WisdomTree NASDAQ 100 3x Daily Leveraged | 0.14 | 0.18 | 0.27 | 70 | Nasdaq-100, Leveraged Equities | LMP.L vs QQQ3.L | |
| Avantis Global Small Cap Value UCITS ETF USD Acc | 0.26 | 0.20 | 0.20 | 88 | Small Cap Value Equities | LMP.L vs AVSG.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 LMP.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to LMP.L and solid risk/return profiles. The least correlated is BioPharma Credit plc (BPCR.L) (Financial Services) with a 1Y correlation of 0.17, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BioPharma Credit plc | 0.17 | 0.11 | 0.09 | 91 | Financial Services | |
| Barclays plc | 0.32 | 0.23 | 0.27 | 75 | Financial Services | |
| Fidelity Special Values | 0.50 | 0.46 | 0.47 | 75 | Financial Services | |
| Supermarket Income REIT PLC | 0.69 | 0.70 | 0.59 | 54 | Real Estate |
Build a portfolio that complements LMP.L
Add LMP.L to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with LMP.L