Looking to balance out your exposure to PCTN.L? The ETFs below have the lowest correlation with PCTN.L — they tend to move on their own, which can help reduce risk when PCTN.L drops. The stock ideas table highlights individual companies that behave independently from PCTN.L.
Best Diversifiers for PCTN.L
1 ETFs have low correlation with PCTN.L (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Core MSCI World UCITS ETF USD (Acc) (SWDA.L) (Global Equities) with a 1Y correlation of 0.28, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core MSCI World UCITS ETF USD (Acc) | 0.28 | 0.25 | 0.24 | 81 | Global Equities | PCTN.L vs SWDA.L | |
| iShares MSCI World Small Cap UCITS ETF | 0.31 | 0.31 | 0.28 | 79 | Small Cap Blend Equities | PCTN.L vs WLDS.L |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PCTN.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PCTN.L and solid risk/return profiles. The least correlated is Murray International Trust (MYI.L) (Financial Services) with a 1Y correlation of 0.34, roughly unchanged from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Murray International Trust | 0.34 | 0.32 | 0.31 | 94 | Financial Services | |
| International Public Partnership | 0.37 | 0.32 | 0.31 | 86 | Financial Services | |
| Tritax Big Box REIT plc | 0.64 | 0.57 | 0.50 | 71 | Real Estate | |
| LondonMetric Property plc | 0.68 | 0.59 | 0.52 | 55 | Real Estate |
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