Looking to diversify beyond SGLN.L? The ETFs below have the lowest correlation with SGLN.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 SGLN.L.
Best Diversifiers for SGLN.L
250 ETFs have low correlation with SGLN.L (below 0.3), 13 of which are negatively correlated. The least correlated is iShares USD Treasury Bond 0-3 Month UCITS ETF USD (Acc) (U03A.L) (Ultrashort Bond) with a 1Y correlation of -0.12, roughly unchanged from -0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares USD Treasury Bond 0-3 Month UCITS ETF USD ... | -0.12 | -0.17 | -0.17 | 99 | Ultrashort Bond | SGLN.L vs U03A.L | |
| iShares MSCI World Energy Sector UCITS ETF USD (Di... | -0.10 | 0.05 | 0.04 | 52 | Energy Equities | SGLN.L vs WENS.L | |
| State Street SPDR MSCI World Energy UCITS ETF | -0.09 | 0.05 | 0.02 | 51 | Energy Equities | SGLN.L vs ENGW.L | |
| iShares $ Floating Rate Bond UCITS ETF GBP Hedged ... | -0.09 | -0.04 | -0.05 | 98 | Ultrashort Bond | SGLN.L vs FLOS.L | |
| iShares USD Floating Rate Bond UCITS ETF USD (Acc) | -0.09 | -0.08 | -0.05 | 97 | Corporate Bonds | SGLN.L vs FLOA.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SGLN.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SGLN.L and solid risk/return profiles. The least correlated is Tesco PLC (TSCO.L) (Consumer Defensive) with a 1Y correlation of -0.03, roughly unchanged from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tesco PLC | -0.03 | 0.02 | -0.04 | 70 | Consumer Defensive | |
| Games Workshop Group plc | 0.08 | 0.05 | -0.01 | 78 | Consumer Cyclical | |
| HarbourVest Global Private Equity Ltd | 0.09 | 0.05 | -0.03 | 88 | Financial Services | |
| Tritax Big Box REIT plc | 0.12 | 0.07 | 0.01 | 70 | Real Estate | |
| Coca Cola HBC AG | 0.12 | 0.08 | 0.01 | 75 | Consumer Defensive |
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