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iShares Core S&P 500 UCITS ETF USD (Acc) (CSPX.L) Diversifiers

ETF · Currency in USD · Last updated Jun 5, 2026

iShares Core S&P 500 UCITS ETF USD (Acc) is an Ireland-domiciled, accumulating UCITS ETF that seeks to track the S&P 500 Index, providing low-cost exposure to 500 of the largest U.S. companies. It is one of the largest and most popular S&P 500 UCITS ETFs available to European investors and reinvests dividends within the fund rather than distributing them.

Looking to diversify beyond CSPX.L? The ETFs below have the lowest correlation with CSPX.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 CSPX.L.

Best Diversifiers for CSPX.L

6 ETFs have low correlation with CSPX.L (below 0.3), 2 of which are negatively correlated. The least correlated is iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IUES.L) (Energy Equities) with a 1Y correlation of -0.12, down from 0.31 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
IUES.L
iShares S&P 500 Energy Sector UCITS ETF USD (Acc)-0.120.180.31
60
Energy Equities, S&P 500CSPX.L vs IUES.L
CMOD.L
Invesco Bloomberg Commodity UCITS ETF-0.120.100.19
70
CommoditiesCSPX.L vs CMOD.L
IB01.L
iShares USD Treasury Bond 0-1yr UCITS ETF (Acc)0.000.010.04
100
Government Bonds, Ultrashort BondCSPX.L vs IB01.L
FLOA.L
iShares USD Floating Rate Bond UCITS ETF USD (Acc)0.140.080.11
97
Corporate BondsCSPX.L vs FLOA.L
IBTA.L
iShares USD Treasury Bond 1-3yr UCITS ETF (Acc)0.150.050.03
88
Government Bonds, Short-Term BondCSPX.L vs IBTA.L
See all 143 diversifiers for CSPX.L

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from CSPX.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to CSPX.L and solid risk/return profiles. The least correlated is JP Morgan Global Growth & Income plc (JGGI.L) (Financial Services) with a 1Y correlation of 0.67, roughly unchanged from 0.70 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
JGGI.L
JP Morgan Global Growth & Income plc0.670.710.70
76
Financial Services

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Diversification Analysis

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