Looking to balance out your exposure to REL.L? The ETFs below have the lowest correlation with REL.L — they tend to move on their own, which can help reduce risk when REL.L drops. The stock ideas table highlights individual companies that behave independently from REL.L.
Best Diversifiers for REL.L
1 ETFs have low correlation with REL.L (below 0.3), 0 of which are negatively correlated. The least correlated is SPDR FTSE UK All Share UCITS ETF (FTAL.L) (Europe Equities) with a 1Y correlation of 0.24, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR FTSE UK All Share UCITS ETF | 0.24 | 0.37 | 0.41 | 51 | Europe Equities | REL.L vs FTAL.L |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from REL.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to REL.L and solid risk/return profiles. The least correlated is British American Tobacco plc (BATS.L) (Consumer Defensive) with a 1Y correlation of 0.03, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| British American Tobacco plc | 0.03 | 0.15 | 0.14 | 80 | Consumer Defensive | |
| Halma plc | 0.14 | 0.36 | 0.46 | 93 | Industrials | |
| Diploma plc | 0.20 | 0.33 | 0.41 | 90 | Industrials | |
| Games Workshop Group plc | 0.24 | 0.26 | 0.33 | 72 | Consumer Cyclical |
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