Looking to diversify beyond 3PYE.L? The ETFs below have the lowest correlation with 3PYE.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 3PYE.L.
Best Diversifiers for 3PYE.L
12 ETFs have low correlation with 3PYE.L (below 0.3), 0 of which are negatively correlated. The least correlated is Leverage Shares 2x Micron Technology ETC GBP (2MU.L) (Leveraged Equities) with a 1Y correlation of 0.06, down from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leverage Shares 2x Micron Technology ETC GBP | 0.06 | 0.21 | 0.27 | 99 | Leveraged Equities | 3PYE.L vs 2MU.L | |
| Leverage Shares 3x Alphabet ETC GBP | 0.13 | 0.25 | 0.38 | 95 | Leveraged Equities | 3PYE.L vs 3GOO.L | |
| Leverage Shares 3x Alphabet ETP Scs | 0.13 | 0.25 | 0.38 | 95 | Leveraged Equities | 3PYE.L vs 3GOE.L | |
| Leverage Shares 3x Long Semiconductors ETP Securit... | 0.15 | 0.31 | 0.39 | 96 | Leveraged Equities, Semiconductors | 3PYE.L vs SMH3.L | |
| Leverage Shares 4x Long Semiconductors ETP Securit... | 0.16 | — | — | 96 | Leveraged Equities, Semiconductors | 3PYE.L vs SOXL.L |
See all 16 diversifiers for 3PYE.L
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