Looking to diversify beyond S600.L? The ETFs below have the lowest correlation with S600.L — they tend to move on their own, which can help reduce risk when the rest of your portfolio drops. The stock ideas table highlights individual companies that behave independently from S600.L.
Best Diversifiers for S600.L
2 ETFs have low correlation with S600.L (below 0.3), 2 of which are negatively correlated. The least correlated is UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc (UC15.L) (Commodities) with a 1Y correlation of -0.27, down from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-a... | -0.27 | -0.09 | 0.03 | 67 | Commodities | S600.L vs UC15.L | |
| SPDR MSCI Europe Energy UCITS ETF | -0.08 | 0.23 | 0.28 | 50 | Energy Equities | S600.L vs ENGE.L | |
| Invesco Technology S&P US Select Sector UCITS ETF ... | 0.41 | 0.40 | 0.50 | 60 | Technology Equities | S600.L vs XLKQ.L | |
| Invesco EQQQ NASDAQ-100 UCITS ETF | 0.49 | 0.46 | 0.54 | 76 | Nasdaq-100 | S600.L vs EQQQ.L | |
| L&G Artificial Intelligence UCITS ETF | 0.50 | 0.54 | 0.59 | 74 | Technology Equities | S600.L vs AIAI.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from S600.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to S600.L and solid risk/return profiles. The least correlated is Fidelity European Values (FEV.L) (Financial Services) with a 1Y correlation of 0.82, roughly unchanged from 0.83 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Fidelity European Values | 0.82 | 0.82 | 0.83 | 61 | Financial Services |
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