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
17 ETFs have low correlation with 3XLE.L (below 0.3), 17 of which are negatively correlated. The least correlated is WisdomTree EURO STOXX Banks 3x Daily Leveraged (3BAL.L) (Leveraged Equities) with a 1Y correlation of -0.21, down from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree EURO STOXX Banks 3x Daily Leveraged | -0.21 | 0.00 | 0.00 | 77 | Leveraged Equities | 3XLE.L vs 3BAL.L | |
| WisdomTree NASDAQ 100 3x Daily Leveraged | -0.18 | — | — | 53 | Nasdaq-100, Leveraged Equities | 3XLE.L vs QQQ3.L | |
| WisdomTree NASDAQ 100 3x Daily Leveraged | -0.17 | — | — | 57 | Nasdaq-100, Leveraged Equities | 3XLE.L vs LQQ3.L | |
| IncomeShares Nasdaq 100 Options (0DTE) ETP | -0.16 | — | — | 61 | Nasdaq-100, Derivative Income | 3XLE.L vs QQQY.L | |
| WisdomTree S&P 500 3x Daily Leveraged GB | -0.14 | — | — | 50 | Leveraged Equities, S&P 500 | 3XLE.L vs 3USL.L |
See all 17 diversifiers for 3XLE.L
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements 3XLE.L
Add 3XLE.L to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with 3XLE.L