Looking to diversify beyond 5SPY.L? The ETFs below have the lowest correlation with 5SPY.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 5SPY.L.
Best Diversifiers for 5SPY.L
2 ETFs have low correlation with 5SPY.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 -0.15, down from 0.09 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leverage Shares 3x BP ETP GBX | -0.15 | 0.09 | — | 61 | Leveraged Equities | 5SPY.L vs 3BP.L | |
| Leverage Shares 3x Long Oil & Gas ETP Securities G... | -0.15 | 0.16 | — | 56 | Leveraged Equities | 5SPY.L vs 3XLE.L | |
| Leverage Shares 2x Alphabet ETC A GBP | 0.40 | 0.50 | — | 95 | Leveraged Equities | 5SPY.L vs 2GOO.L | |
| Leverage Shares 3x Alphabet ETP Scs | 0.41 | 0.50 | — | 95 | Leveraged Equities | 5SPY.L vs 3GOE.L | |
| Leverage Shares 3x Alphabet ETC GBP | 0.43 | 0.51 | — | 96 | Leveraged Equities | 5SPY.L vs 3GOO.L |
See all 24 diversifiers for 5SPY.L
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements 5SPY.L
Add 5SPY.L to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with 5SPY.L