Looking to balance out your exposure to TSCO.L? The ETFs below have the lowest correlation with TSCO.L — they tend to move on their own, which can help reduce risk when TSCO.L drops. The stock ideas table highlights individual companies that behave independently from TSCO.L.
Best Diversifiers for TSCO.L
8 ETFs have low correlation with TSCO.L (below 0.3), 3 of which are negatively correlated. The least correlated is Scottish Mortgage Investment Trust plc (SMT.L) (Global Equities) with a 1Y correlation of -0.04, down from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Scottish Mortgage Investment Trust plc | -0.04 | 0.04 | 0.09 | 79 | Global Equities | TSCO.L vs SMT.L | |
| Vanguard FTSE All-World UCITS ETF | -0.03 | 0.07 | 0.16 | 72 | Global Equities | TSCO.L vs VWRD.L | |
| iShares Core MSCI Emerging Markets IMI UCITS ETF (... | -0.02 | 0.00 | 0.07 | 87 | Emerging Markets Equities | TSCO.L vs EMIM.L | |
| Vanguard S&P 500 UCITS ETF (USD) Accumulating | 0.01 | 0.04 | 0.13 | 82 | S&P 500 | TSCO.L vs VUAG.L | |
| Vanguard FTSE All-World UCITS ETF (USD) Accumulati... | 0.02 | 0.07 | 0.16 | 86 | Global Equities | TSCO.L vs VWRP.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from TSCO.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to TSCO.L and solid risk/return profiles. The least correlated is JP Morgan Global Growth & Income plc (JGGI.L) (Financial Services) with a 1Y correlation of -0.02, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| JP Morgan Global Growth & Income plc | -0.02 | 0.05 | 0.16 | 76 | Financial Services | |
| Rolls-Royce Holdings PLC | 0.03 | 0.11 | 0.17 | 75 | Industrials | |
| BP plc | 0.04 | 0.07 | 0.13 | 87 | Energy | |
| Games Workshop Group plc | 0.05 | 0.12 | 0.18 | 68 | Consumer Cyclical | |
| Glencore plc | 0.08 | 0.05 | 0.10 | 96 | Basic Materials |
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