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 0.33, roughly unchanged from 0.37 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 | 0.33 | 0.37 | — | 88 | Nasdaq-100, Options Trading | DRVE.L vs QYLP.L | |
| Global X SuperDividend UCITS ETF USD Distributing | 0.47 | 0.56 | — | 79 | Dividend | DRVE.L vs SDIP.L | |
| KraneShares Electric Vehicles & Future Mobility ES... | 0.62 | 0.69 | 0.72 | 91 | Technology Equities | DRVE.L vs KARP.L | |
| Global X Data Center REITs & Digital Infrastructur... | 0.66 | 0.63 | 0.66 | 93 | Technology Equities | DRVE.L vs VPNG.L | |
| iShares S&P 500 Information Technology Sector UCIT... | 0.66 | 0.58 | — | 59 | Technology Equities, S&P 500 | DRVE.L vs IITU.L |
See all 29 diversifiers for DRVE.L
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