Looking to diversify beyond 3BA.L? The ETFs below have the lowest correlation with 3BA.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 3BA.L.
Best Diversifiers for 3BA.L
5 ETFs have low correlation with 3BA.L (below 0.3), 0 of which are negatively correlated. The least correlated is Leverage Shares 3x Alphabet ETP Scs (3GOE.L) (Leveraged Equities) with a 1Y correlation of 0.15, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leverage Shares 3x Alphabet ETP Scs | 0.15 | 0.18 | 0.24 | 95 | Leveraged Equities | 3BA.L vs 3GOE.L | |
| Leverage Shares 3x Alphabet ETC GBP | 0.15 | 0.17 | 0.24 | 95 | Leveraged Equities | 3BA.L vs 3GOO.L | |
| IncomeShares Nasdaq 100 Options (0DTE) ETP | 0.24 | — | — | 61 | Nasdaq-100, Derivative Income | 3BA.L vs QQQY.L | |
| Leverage Shares 3x Long South Korea ETP Securities | 0.28 | 0.26 | — | 96 | Leveraged Equities | 3BA.L vs 3KOR.L | |
| Leverage Shares 2x Micron Technology ETC GBP | 0.29 | 0.22 | 0.29 | 99 | Leveraged Equities | 3BA.L vs 2MU.L |
See all 15 diversifiers for 3BA.L
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