Looking to diversify beyond XGLD.L? The ETFs below have the lowest correlation with XGLD.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 XGLD.L.
Best Diversifiers for XGLD.L
4 ETFs have low correlation with XGLD.L (below 0.3), 0 of which are negatively correlated. The least correlated is Xtrackers Nikkei 225 UCITS ETF 1D (XDJP.L) (Japan Equities) with a 1Y correlation of 0.23, up from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Xtrackers Nikkei 225 UCITS ETF 1D | 0.23 | 0.14 | 0.11 | 85 | Japan Equities, Asia Pacific Equities | XGLD.L vs XDJP.L | |
| Avantis Global Small Cap Value UCITS ETF USD Acc | 0.24 | 0.11 | 0.11 | 91 | Small Cap Value Equities | XGLD.L vs AVSG.L | |
| Xtrackers Nasdaq 100 UCITS ETF 1C | 0.24 | 0.12 | 0.12 | 59 | Nasdaq-100 | XGLD.L vs XNAQ.L | |
| Xtrackers NASDAQ 100 UCITS ETF | 0.29 | 0.14 | 0.09 | 62 | Nasdaq-100 | XGLD.L vs XNAS.L | |
| Xtrackers MSCI World Quality Factor UCITS ETF 1C | 0.33 | 0.21 | 0.19 | 77 | Global Equities | XGLD.L vs XDEQ.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XGLD.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XGLD.L and solid risk/return profiles. The least correlated is Rolls-Royce Holdings PLC (RR.L) (Industrials) with a 1Y correlation of 0.25, up from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Rolls-Royce Holdings PLC | 0.25 | 0.11 | 0.03 | 78 | Industrials |
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