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
241 ETFs have low correlation with SGLN.L (below 0.3), 15 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 -0.09, roughly unchanged from -0.07 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 ... | -0.09 | -0.07 | -0.07 | 99 | Ultrashort Bond | SGLN.L vs U03A.L | |
| iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dis... | -0.08 | -0.00 | 0.06 | 99 | Government Bonds, Ultrashort Bond | SGLN.L vs IBTU.L | |
| iShares USD Short Duration High Yield Corporate Bo... | -0.07 | 0.05 | 0.12 | 61 | High Yield Bonds | SGLN.L vs SDHG.L | |
| iShares USD TIPS 0-5 UCITS ETF USD (Dist) | -0.07 | 0.04 | 0.16 | 75 | Inflation-Protected Bonds | SGLN.L vs TIP5.L | |
| Invesco US Energy Sector UCITS ETF | -0.07 | 0.04 | 0.04 | 57 | Energy Equities | SGLN.L vs XLEP.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 -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tesco PLC | 0.03 | 0.04 | -0.03 | 66 | Consumer Defensive | |
| HarbourVest Global Private Equity Ltd | 0.07 | 0.05 | -0.03 | 90 | Financial Services | |
| Games Workshop Group plc | 0.08 | 0.04 | -0.02 | 68 | Consumer Cyclical | |
| JP Morgan Global Growth & Income plc | 0.08 | 0.06 | 0.01 | 76 | Financial Services | |
| Coca Cola HBC AG | 0.14 | 0.08 | 0.01 | 54 | Consumer Defensive |
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