Looking to diversify beyond 3CON.L? The ETFs below have the lowest correlation with 3CON.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 3CON.L.
Best Diversifiers for 3CON.L
1 ETFs have low correlation with 3CON.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 0.30, roughly unchanged from 0.27 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leverage Shares 3x Long Taiwan Semiconductor (TSM)... | 0.30 | 0.27 | — | 89 | Leveraged Equities, Semiconductors | 3CON.L vs 3TSM.L | |
| IncomeShares Nasdaq 100 Options (0DTE) ETP | 0.35 | 0.35 | 0.35 | 77 | Nasdaq-100, Derivative Income | 3CON.L vs QQQY.L | |
| WisdomTree NASDAQ 100 3x Daily Leveraged | 0.43 | 0.43 | 0.43 | 67 | Nasdaq-100, Leveraged Equities | 3CON.L vs LQQ3.L | |
| Leverage Shares 5x Long Nasdaq 100 ETP Securities | 0.43 | 0.43 | 0.43 | 61 | Nasdaq-100, Leveraged Equities | 3CON.L vs 5QQQ.L | |
| Leverage Shares 5x Long Nasdaq 100 ETP Securities | 0.47 | 0.44 | — | 58 | Nasdaq-100, Leveraged Equities | 3CON.L vs QQQ5.L |
Diversification Analysis
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