Looking to diversify beyond 3ABE.L? The ETFs below have the lowest correlation with 3ABE.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 3ABE.L.
Best Diversifiers for 3ABE.L
11 ETFs have low correlation with 3ABE.L (below 0.3), 0 of which are negatively correlated. The least correlated is Leverage Shares 3x Long Taiwan Semiconductor (TSM) ETP Securities (3TSM.L) (Leveraged Equities) with a 1Y correlation of 0.13, down from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leverage Shares 3x Long Taiwan Semiconductor (TSM)... | 0.13 | 0.25 | 0.31 | 87 | Leveraged Equities, Semiconductors | 3ABE.L vs 3TSM.L | |
| Leverage Shares 2x Micron Technology ETC GBP | 0.15 | 0.27 | 0.34 | 99 | Leveraged Equities | 3ABE.L vs 2MU.L | |
| Leverage Shares 3x AMD ETP Securities | 0.16 | 0.35 | 0.39 | 94 | Leveraged Equities | 3ABE.L vs AMD3.L | |
| Leverage Shares 3x AMD ETC GBP | 0.17 | 0.34 | 0.41 | 95 | Leveraged Equities | 3ABE.L vs 3AMD.L | |
| Leverage Shares 2x Advanced Micro Devices ETC GBP | 0.17 | 0.35 | 0.41 | 96 | Leveraged Equities | 3ABE.L vs 2AMD.L |
See all 15 diversifiers for 3ABE.L
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