Looking to diversify beyond 5QQE.L? The ETFs below have the lowest correlation with 5QQE.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 5QQE.L.
Best Diversifiers for 5QQE.L
2 ETFs have low correlation with 5QQE.L (below 0.3), 2 of which are negatively correlated. The least correlated is Leverage Shares 3x Long Oil & Gas ETP Securities GBP (3XLE.L) (Leveraged Equities) 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 3x Long Oil & Gas ETP Securities G... | -0.20 | 0.03 | — | 56 | Leveraged Equities | 5QQE.L vs 3XLE.L | |
| Leverage Shares 3x BP ETP GBX | -0.19 | 0.03 | — | 61 | Leveraged Equities | 5QQE.L vs 3BP.L | |
| Leverage Shares 3x Apple ETP Securities GBP | 0.38 | 0.50 | 0.60 | 57 | Leveraged Equities | 5QQE.L vs 3AAP.L | |
| Leverage Shares 3x Alphabet ETC GBP | 0.42 | 0.55 | — | 96 | Leveraged Equities | 5QQE.L vs 3GOO.L | |
| Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP | 0.43 | 0.49 | — | 71 | Nasdaq-100, Options Trading | 5QQE.L vs QYLP.L |
See all 42 diversifiers for 5QQE.L
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