Looking to diversify beyond DRVE.L? The ETFs below have the lowest correlation with DRVE.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 DRVE.L.
Best Diversifiers for DRVE.L
0 ETFs have low correlation with DRVE.L (below 0.3), 0 of which are negatively correlated. The least correlated is Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP (QYLP.L) (Nasdaq-100) with a 1Y correlation of 0.31, roughly unchanged from 0.35 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP | 0.31 | 0.35 | — | 73 | Nasdaq-100, Options Trading | DRVE.L vs QYLP.L | |
| Global X Silver Miners UCITS ETF USD Accumulating | 0.43 | 0.37 | 0.37 | 55 | Silver, Commodity Producers Equities, Precious Metals | DRVE.L vs SILG.L | |
| HANetf Digital Infrastructure and Connectivity UCI... | 0.61 | 0.60 | 0.60 | 58 | Technology Equities | DRVE.L vs PIGI.L | |
| Global X Data Center REITs & Digital Infrastructur... | 0.63 | 0.58 | — | 93 | Technology Equities | DRVE.L vs VPNG.L | |
| KraneShares Electric Vehicles & Future Mobility ES... | 0.64 | 0.66 | — | 90 | Technology Equities | DRVE.L vs KARP.L |
See all 34 diversifiers for DRVE.L
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