Looking to diversify beyond 5QQQ.L? The ETFs below have the lowest correlation with 5QQQ.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 5QQQ.L.
Best Diversifiers for 5QQQ.L
3 ETFs have low correlation with 5QQQ.L (below 0.3), 2 of which are negatively correlated. The least correlated is Leverage Shares 3x BP ETP GBX (3BP.L) (Leveraged Equities) with a 1Y correlation of -0.20, down from 0.01 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leverage Shares 3x BP ETP GBX | -0.20 | 0.01 | — | 61 | Leveraged Equities | 5QQQ.L vs 3BP.L | |
| Leverage Shares 3x Long Oil & Gas ETP Securities G... | -0.19 | 0.03 | — | 56 | Leveraged Equities | 5QQQ.L vs 3XLE.L | |
| Xtrackers USD High Yield Corporate Bond UCITS ETF ... | 0.14 | 0.19 | — | 54 | High Yield Bonds | 5QQQ.L vs XUHY.L | |
| Leverage Shares 2x Alphabet ETC A GBP | 0.40 | 0.53 | — | 95 | Leveraged Equities | 5QQQ.L vs 2GOO.L | |
| Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP | 0.41 | 0.49 | — | 71 | Nasdaq-100, Options Trading | 5QQQ.L vs QYLP.L |
See all 41 diversifiers for 5QQQ.L
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