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Polar Capital Technology Trust (PCT.L) Diversifiers

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

Polar Capital Technology Trust plc is a closed ended equity mutual fund launched and managed by Polar Capital LLP. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating in the technology sector and other sectors which use technology like information, media, communications, environment, computing, healthcare, and renewable energy. The fund invests in stocks of companies across all market capitalizations. It employs fundamental analysis, with a focus on such factors as management quality, globalization of major technology trends, and international valuation anomalies to create its portfolio. The fund benchmarks the performance of its portfolio against the Dow Jones World Technology Index (Total Return). It was formerly known as Henderson Technology Trust plc. Polar Capital Technology Trust plc was formed on December 16, 1996 and is domiciled in the United Kingdom.

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

Best Diversifiers for PCT.L

0 ETFs have low correlation with PCT.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 0.69, roughly unchanged from 0.73 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
SMT.L
Scottish Mortgage Investment Trust plc0.690.710.73
83
Global EquitiesPCT.L vs SMT.L
SWDA.L
iShares Core MSCI World UCITS ETF USD (Acc)0.730.770.77
81
Global EquitiesPCT.L vs SWDA.L
BBSU.L
JPMorgan BetaBuilders US Equity UCITS ETF (Acc)0.740.770.77
78
Large Cap Blend EquitiesPCT.L vs BBSU.L
VWRP.L
Vanguard FTSE All-World UCITS ETF (USD) Accumulati...0.760.780.78
85
Global EquitiesPCT.L vs VWRP.L
SMGB.L
VanEck Semiconductor UCITS ETF0.790.800.79
97
Semiconductors, Technology EquitiesPCT.L vs SMGB.L
See all 10 diversifiers for PCT.L

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from PCT.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PCT.L and solid risk/return profiles. The least correlated is The City of London Investment Trust plc (CTY.L) (Financial Services) with a 1Y correlation of 0.35, roughly unchanged from 0.45 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
CTY.L
The City of London Investment Trust plc0.350.410.45
80
Financial Services
ATT.L
Allianz Technology Trust plc0.880.870.86
96
Financial Services

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Diversification Analysis

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