Looking to diversify beyond 3AMZ.L? The ETFs below have the lowest correlation with 3AMZ.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 3AMZ.L.
Best Diversifiers for 3AMZ.L
4 ETFs have low correlation with 3AMZ.L (below 0.3), 2 of which are negatively correlated. The least correlated is Leverage Shares 3x Long Oil & Gas ETP Securities GBP (3XLE.L) (Leveraged Equities) with a 1Y correlation of -0.22, down from -0.00 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leverage Shares 3x Long Oil & Gas ETP Securities G... | -0.22 | -0.00 | — | 56 | Leveraged Equities | 3AMZ.L vs 3XLE.L | |
| Leverage Shares 3x BP ETP GBX | -0.17 | 0.03 | 0.01 | 61 | Leveraged Equities | 3AMZ.L vs 3BP.L | |
| Leverage Shares 3x Apple ETP Securities GBP | 0.19 | 0.32 | 0.46 | 57 | Leveraged Equities | 3AMZ.L vs 3AAP.L | |
| Leverage Shares 2x Micron Technology ETC GBP | 0.27 | 0.35 | 0.36 | 99 | Leveraged Equities | 3AMZ.L vs 2MU.L | |
| Leverage Shares 3x AMD ETP Securities | 0.32 | 0.42 | 0.46 | 96 | Leveraged Equities | 3AMZ.L vs AMD3.L |
See all 22 diversifiers for 3AMZ.L
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