Looking to diversify beyond CM5S.L? The ETFs below have the lowest correlation with CM5S.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 CM5S.L.
Best Diversifiers for CM5S.L
6 ETFs have low correlation with CM5S.L (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Dow Jones Islamic Global Developed Markets UCITS ETF USD Acc (IGDA.L) (Global Equities) with a 1Y correlation of 0.25, up from 0.15 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Dow Jones Islamic Global Developed Markets... | 0.25 | 0.15 | — | 77 | Global Equities | CM5S.L vs IGDA.L | |
| Invesco Technology S&P US Select Sector UCITS ETF ... | 0.26 | 0.13 | — | 75 | Technology Equities | CM5S.L vs XLKQ.L | |
| Invesco FTSE All-World UCITS ETF Acc | 0.26 | — | — | 85 | Global Equities | CM5S.L vs FWRG.L | |
| Invesco EQQQ NASDAQ-100 UCITS ETF | 0.27 | 0.15 | — | 76 | Nasdaq-100 | CM5S.L vs EQQU.L | |
| Invesco S&P 500 UCITS ETF | 0.28 | 0.16 | 0.17 | 81 | S&P 500 | CM5S.L vs SPXP.L |
See all 26 diversifiers for CM5S.L
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Diversification Analysis
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