Looking to balance out your exposure to PAF.L? The ETFs below have the lowest correlation with PAF.L — they tend to move on their own, which can help reduce risk when PAF.L drops. The stock ideas table highlights individual companies that behave independently from PAF.L.
Best Diversifiers for PAF.L
2 ETFs have low correlation with PAF.L (below 0.3), 0 of which are negatively correlated. The least correlated is Amundi Nasdaq-100 UCITS USD (ANXU.L) (Nasdaq-100) with a 1Y correlation of 0.20, up from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Amundi Nasdaq-100 UCITS USD | 0.20 | 0.05 | 0.04 | 59 | Nasdaq-100 | PAF.L vs ANXU.L | |
| Amundi MSCI World UCITS USD | 0.26 | 0.14 | 0.10 | 66 | Global Equities | PAF.L vs CW8U.L | |
| Amundi FTSE 100 UCITS ETF | 0.32 | 0.28 | 0.23 | 71 | Europe Equities | PAF.L vs 100D.L |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PAF.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PAF.L and solid risk/return profiles. The least correlated is Greatland Gold plc (GGP.L) (Basic Materials) with a 1Y correlation of 0.50, up from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Greatland Gold plc | 0.50 | 0.29 | 0.20 | 75 | Basic Materials |
Build a portfolio that complements PAF.L
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