Looking to diversify beyond OPEN.L? The ETFs below have the lowest correlation with OPEN.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 OPEN.L.
Best Diversifiers for OPEN.L
0 ETFs have low correlation with OPEN.L (below 0.3), 0 of which are negatively correlated. The least correlated is WisdomTree Battery Solutions UCITS ETF - USD Acc (CHRG.L) (Alternative Energy Equities) with a 1Y correlation of 0.44, down from 0.56 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Battery Solutions UCITS ETF - USD Acc | 0.44 | 0.53 | 0.56 | 65 | Alternative Energy Equities, Global Equities | OPEN.L vs CHRG.L | |
| L&G Battery Value-Chain UCITS ETF | 0.50 | 0.58 | 0.63 | 95 | Alternative Energy Equities, Global Equities | OPEN.L vs BATG.L | |
| VanEck Morningstar Developed Markets Dividend Lead... | 0.57 | 0.73 | 0.77 | 91 | Global Equities, Dividend | OPEN.L vs TDGB.L | |
| Scottish Mortgage Investment Trust plc | 0.61 | 0.62 | 0.65 | 79 | Global Equities | OPEN.L vs SMT.L | |
| iShares MSCI World Islamic UCITS ETF USD (Dist) | 0.61 | 0.66 | 0.72 | 93 | Global Equities | OPEN.L vs ISWD.L |
See all 20 diversifiers for OPEN.L
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