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
4 ETFs have low correlation with 3CON.L (below 0.3), 0 of which are negatively correlated. The least correlated is Leverage Shares 3x Apple ETC EUR (3APE.L) (Leveraged Equities) with a 1Y correlation of 0.08, down from 0.19 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leverage Shares 3x Apple ETC EUR | 0.08 | 0.19 | — | 63 | Leveraged Equities | 3CON.L vs 3APE.L | |
| Leverage Shares 3x Alphabet ETC GBP | 0.15 | 0.26 | 0.35 | 95 | Leveraged Equities | 3CON.L vs 3GOO.L | |
| Leverage Shares 3x Alphabet ETP Scs | 0.17 | 0.26 | — | 95 | Leveraged Equities | 3CON.L vs 3GOE.L | |
| Leverage Shares 2x Micron Technology ETC GBP | 0.23 | 0.28 | — | 99 | Leveraged Equities | 3CON.L vs 2MU.L | |
| Leverage Shares 3x Long Taiwan Semiconductor (TSM)... | 0.30 | 0.29 | — | 87 | Leveraged Equities, Semiconductors | 3CON.L vs 3TSM.L |
See all 16 diversifiers for 3CON.L
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements 3CON.L
Add 3CON.L to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with 3CON.L