Looking to balance out your exposure to SRP.L? The ETFs below have the lowest correlation with SRP.L — they tend to move on their own, which can help reduce risk when SRP.L drops. The stock ideas table highlights individual companies that behave independently from SRP.L.
No Diversifiers Found for SRP.L
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SRP.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SRP.L and solid risk/return profiles. The least correlated is Senior PLC (SNR.L) (Industrials) with a 1Y correlation of 0.21, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Senior PLC | 0.21 | 0.24 | 0.26 | 89 | Industrials | |
| Rolls-Royce Holdings PLC | 0.23 | 0.22 | 0.22 | 75 | Industrials | |
| Smiths Group PLC | 0.34 | 0.37 | 0.37 | 59 | Industrials |
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