Looking to diversify beyond VGOV.L? The ETFs below have the lowest correlation with VGOV.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 VGOV.L.
Best Diversifiers for VGOV.L
13 ETFs have low correlation with VGOV.L (below 0.3), 2 of which are negatively correlated. The least correlated is Invesco Bloomberg Commodity UCITS ETF Acc (CMOP.L) (Commodities) with a 1Y correlation of -0.40, down from -0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Bloomberg Commodity UCITS ETF Acc | -0.40 | -0.17 | -0.17 | 67 | Commodities | VGOV.L vs CMOP.L | |
| iShares USD Short Duration Corporate Bond UCITS ET... | -0.14 | 0.03 | 0.07 | 79 | Corporate Bonds | VGOV.L vs SDIA.L | |
| Lyxor Smart Overnight Return UCITS ETF C-GBP | 0.02 | 0.03 | 0.04 | 99 | Money Market | VGOV.L vs CSH2.L | |
| Vanguard S&P 500 UCITS ETF | 0.18 | 0.11 | 0.01 | 82 | S&P 500 | VGOV.L vs VUSA.L | |
| Vanguard S&P 500 UCITS ETF (USD) Accumulating | 0.19 | 0.10 | 0.01 | 82 | S&P 500 | VGOV.L vs VUAG.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VGOV.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VGOV.L and solid risk/return profiles. The least correlated is Glencore plc (GLEN.L) (Basic Materials) with a 1Y correlation of 0.13, up from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Glencore plc | 0.13 | 0.06 | -0.08 | 96 | Basic Materials |
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