Looking to balance out your exposure to ORIT.L? The ETFs below have the lowest correlation with ORIT.L — they tend to move on their own, which can help reduce risk when ORIT.L drops. The stock ideas table highlights individual companies that behave independently from ORIT.L.
Best Diversifiers for ORIT.L
2 ETFs have low correlation with ORIT.L (below 0.3), 0 of which are negatively correlated. The least correlated is Scottish Mortgage Investment Trust plc (SMT.L) (Global Equities) with a 1Y correlation of 0.04, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Scottish Mortgage Investment Trust plc | 0.04 | 0.13 | 0.12 | 79 | Global Equities | ORIT.L vs SMT.L | |
| HSBC FTSE 100 UCITS ETF GBP | 0.06 | 0.17 | 0.19 | 55 | Europe Equities | ORIT.L vs HUKX.L |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ORIT.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ORIT.L and solid risk/return profiles. The least correlated is National Grid plc (NG.L) (Utilities) with a 1Y correlation of 0.03, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| National Grid plc | 0.03 | 0.08 | 0.09 | 68 | Utilities | |
| Aberforth Smaller Companies Trust plc | 0.09 | 0.22 | 0.24 | 60 | Financial Services | |
| Legal & General Group plc | 0.10 | 0.17 | 0.17 | 63 | Financial Services |
Build a portfolio that complements ORIT.L
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