Looking to diversify beyond ECAR.L? The ETFs below have the lowest correlation with ECAR.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 ECAR.L.
Best Diversifiers for ECAR.L
1 ETFs have low correlation with ECAR.L (below 0.3), 1 of which are negatively correlated. The least correlated is iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) (IB01.L) (Government Bonds) with a 1Y correlation of -0.02, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) | -0.02 | -0.02 | 0.02 | 100 | Government Bonds, Ultrashort Bond | ECAR.L vs IB01.L | |
| KraneShares Electric Vehicles & Future Mobility ES... | 0.59 | 0.67 | — | 90 | Technology Equities | ECAR.L vs KARP.L | |
| Global X Data Center REITs & Digital Infrastructur... | 0.60 | 0.58 | — | 91 | Technology Equities | ECAR.L vs VPNG.L | |
| HANetf Digital Infrastructure and Connectivity UCI... | 0.61 | 0.59 | 0.59 | 56 | Technology Equities | ECAR.L vs PIGI.L | |
| Xtrackers MSCI USA Information Technology UCITS ET... | 0.65 | 0.63 | 0.67 | 70 | Technology Equities | ECAR.L vs XSTC.L |
See all 42 diversifiers for ECAR.L
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