Looking to diversify beyond 2AMD.L? The ETFs below have the lowest correlation with 2AMD.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 2AMD.L.
Best Diversifiers for 2AMD.L
6 ETFs have low correlation with 2AMD.L (below 0.3), 2 of which are negatively correlated. The least correlated is Leverage Shares 3x BP ETP GBX (3BP.L) (Leveraged Equities) with a 1Y correlation of -0.09, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leverage Shares 3x BP ETP GBX | -0.09 | 0.04 | 0.08 | 58 | Leveraged Equities | 2AMD.L vs 3BP.L | |
| Leverage Shares 3x Long Oil & Gas ETP Securities G... | -0.08 | 0.04 | — | 51 | Leveraged Equities | 2AMD.L vs 3XLE.L | |
| Leverage Shares 3x Apple ETC EUR | 0.21 | 0.28 | 0.35 | 65 | Leveraged Equities | 2AMD.L vs 3APE.L | |
| Leverage Shares 2x Alphabet ETC A GBP | 0.23 | 0.36 | 0.43 | 94 | Leveraged Equities | 2AMD.L vs 2GOO.L | |
| Leverage Shares 3x Alphabet ETP Scs | 0.24 | 0.36 | 0.42 | 94 | Leveraged Equities | 2AMD.L vs 3GOE.L |
See all 22 diversifiers for 2AMD.L
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