Looking to balance out your exposure to RR.L? The ETFs below have the lowest correlation with RR.L — they tend to move on their own, which can help reduce risk when RR.L drops. The stock ideas table highlights individual companies that behave independently from RR.L.
Best Diversifiers for RR.L
2 ETFs have low correlation with RR.L (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Physical Silver ETC (SSLN.L) (Silver) with a 1Y correlation of 0.20, up from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Physical Silver ETC | 0.20 | 0.12 | 0.08 | 56 | Silver, Precious Metals | RR.L vs SSLN.L | |
| iShares MSCI EM Asia UCITS ETF (Acc) | 0.27 | 0.26 | 0.26 | 89 | Asia Pacific Equities | RR.L vs CEA1.L | |
| Amundi ETF MSCI Europe Energy UCITS ETF | 0.30 | 0.30 | 0.32 | 95 | Energy Equities | RR.L vs ANRJ.L | |
| Vanguard FTSE Emerging Markets UCITS ETF Acc | 0.31 | 0.24 | 0.27 | 66 | Emerging Markets Equities | RR.L vs VFEG.L | |
| Vanguard FTSE Emerging Markets UCITS ETF Distribut... | 0.31 | 0.27 | 0.28 | 68 | Emerging Markets Equities | RR.L vs VFEM.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from RR.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to RR.L and solid risk/return profiles. The least correlated is Tesco PLC (TSCO.L) (Consumer Defensive) with a 1Y correlation of 0.03, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tesco PLC | 0.03 | 0.11 | 0.17 | 66 | Consumer Defensive | |
| GlaxoSmithKline plc | 0.05 | 0.08 | 0.06 | 74 | Healthcare | |
| National Grid plc | 0.07 | 0.05 | 0.05 | 68 | Utilities | |
| Rio Tinto PLC | 0.14 | 0.13 | 0.18 | 96 | Basic Materials | |
| Samsung Electronics Co. Ltd | 0.21 | 0.20 | 0.21 | 99 | Technology |
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Build a portfolio that complements RR.L
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