Looking to diversify beyond DXJP.L? The ETFs below have the lowest correlation with DXJP.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 DXJP.L.
Best Diversifiers for DXJP.L
1 ETFs have low correlation with DXJP.L (below 0.3), 0 of which are negatively correlated. The least correlated is WisdomTree Physical Silver (PHSP.L) (Silver) with a 1Y correlation of 0.21, up from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Physical Silver | 0.21 | 0.10 | 0.05 | 56 | Silver, Precious Metals | DXJP.L vs PHSP.L | |
| VanEck Morningstar Developed Markets Dividend Lead... | 0.33 | 0.40 | 0.45 | 91 | Global Equities, Dividend | DXJP.L vs TDGB.L | |
| JPMorgan Japan Research Enhanced Index Equity (ESG... | 0.36 | 0.24 | — | 97 | Japan Equities | DXJP.L vs JRIE.L | |
| iShares S&P 500 Information Technology Sector UCIT... | 0.39 | 0.38 | 0.43 | 70 | Technology Equities, S&P 500 | DXJP.L vs IITU.L | |
| VanEck Space Innovators UCITS ETF | 0.39 | 0.37 | 0.36 | 95 | Industrials Equities | DXJP.L vs JEDG.L |
See all 45 diversifiers for DXJP.L
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Diversification Analysis
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