Looking to diversify beyond DTRE.L? The ETFs below have the lowest correlation with DTRE.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 DTRE.L.
Best Diversifiers for DTRE.L
2 ETFs have low correlation with DTRE.L (below 0.3), 0 of which are negatively correlated. The least correlated is First Trust US IPO Index UCITS ETF (FPX.L) (Large Cap Growth Equities) with a 1Y correlation of 0.14, down from 0.28 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust US IPO Index UCITS ETF | 0.14 | 0.28 | — | 54 | Large Cap Growth Equities | DTRE.L vs FPX.L | |
| First Trust Nasdaq Clean Edge Green Energy UCITS E... | 0.14 | 0.32 | 0.37 | 90 | Energy Equities | DTRE.L vs QCLN.L | |
| First Trust NYSE Arca Biotechnology UCITS ETF Acc | 0.32 | 0.28 | 0.29 | 56 | Health & Biotech Equities | DTRE.L vs FBT.L | |
| First Trust Indxx Innovative Transaction & Process... | 0.32 | 0.40 | — | 80 | Technology Equities | DTRE.L vs BLOK.L | |
| WisdomTree New Economy Real Estate UCITS ETF USD A... | 0.55 | 0.77 | 0.77 | 71 | REIT | DTRE.L vs WTNR.L |
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