Looking to diversify beyond 3XLE.L? The ETFs below have the lowest correlation with 3XLE.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 3XLE.L.
Best Diversifiers for 3XLE.L
24 ETFs have low correlation with 3XLE.L (below 0.3), 24 of which are negatively correlated. The least correlated is Leverage Shares 5x Long Nasdaq 100 ETP Securities EUR (5QQE.L) (Nasdaq-100) with a 1Y correlation of -0.20, down from 0.03 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leverage Shares 5x Long Nasdaq 100 ETP Securities ... | -0.20 | 0.03 | — | 71 | Nasdaq-100, Leveraged Equities | 3XLE.L vs 5QQE.L | |
| Leverage Shares 5x Long Nasdaq 100 ETP Securities | -0.20 | 0.03 | — | 67 | Nasdaq-100, Leveraged Equities | 3XLE.L vs QQQ5.L | |
| WisdomTree NASDAQ 100 3x Daily Leveraged | -0.20 | 0.03 | — | 69 | Nasdaq-100, Leveraged Equities | 3XLE.L vs QQQ3.L | |
| WisdomTree NASDAQ 100 3x Daily Leveraged | -0.19 | 0.04 | 0.11 | 72 | Nasdaq-100, Leveraged Equities | 3XLE.L vs LQQ3.L | |
| IncomeShares Nasdaq 100 Options (0DTE) ETP | -0.19 | — | — | 71 | Nasdaq-100, Derivative Income | 3XLE.L vs QQQY.L |
See all 25 diversifiers for 3XLE.L
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