Looking to diversify beyond SGLD.L? The ETFs below have the lowest correlation with SGLD.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 SGLD.L.
Best Diversifiers for SGLD.L
8 ETFs have low correlation with SGLD.L (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco FTSE All-World UCITS ETF Acc (FWRG.L) (Global Equities) with a 1Y correlation of 0.21, up from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco FTSE All-World UCITS ETF Acc | 0.21 | 0.06 | 0.07 | 83 | Global Equities | SGLD.L vs FWRG.L | |
| Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc | 0.23 | 0.05 | -0.00 | 58 | Nasdaq-100 | SGLD.L vs EQGB.L | |
| Invesco EQQQ NASDAQ-100 UCITS ETF | 0.25 | 0.11 | 0.11 | 63 | Nasdaq-100 | SGLD.L vs EQQQ.L | |
| Invesco Bloomberg Commodity UCITS ETF | 0.26 | 0.38 | 0.38 | 58 | Commodities | SGLD.L vs CMOD.L | |
| SPDR MSCI Europe Value UCITS ETF | 0.28 | 0.14 | 0.06 | 83 | Europe Equities | SGLD.L vs EVAL.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SGLD.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SGLD.L and solid risk/return profiles. The least correlated is HICL Infrastructure Company Ltd (HICL.L) (Financial Services) with a 1Y correlation of -0.01, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| HICL Infrastructure Company Ltd | -0.01 | 0.06 | 0.02 | 73 | Financial Services | |
| The City of London Investment Trust plc | 0.39 | 0.33 | 0.27 | 86 | Financial Services |
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