Looking to diversify beyond EQQQ.L? The ETFs below have the lowest correlation with EQQQ.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 EQQQ.L.
Best Diversifiers for EQQQ.L
14 ETFs have low correlation with EQQQ.L (below 0.3), 2 of which are negatively correlated. The least correlated is Invesco US Treasury Bond 0-1 Year UCITS ETF GBP Hedged Dist (TIGB.L) (Short-Term Bond) with a 1Y correlation of -0.07, roughly unchanged from -0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco US Treasury Bond 0-1 Year UCITS ETF GBP He... | -0.07 | -0.08 | -0.04 | 98 | Short-Term Bond | EQQQ.L vs TIGB.L | |
| Invesco USD AAA CLO UCITS ETF Acc | -0.05 | — | — | 97 | CLO, Bank Loan | EQQQ.L vs ICLU.L | |
| VanEck Morningstar Developed Markets Dividend Lead... | 0.06 | 0.19 | 0.30 | 93 | Global Equities, Dividend | EQQQ.L vs TDGB.L | |
| iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) | 0.09 | 0.12 | 0.06 | 100 | Government Bonds, Ultrashort Bond | EQQQ.L vs IB01.L | |
| iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dis... | 0.12 | 0.12 | 0.05 | 98 | Government Bonds, Ultrashort Bond | EQQQ.L vs IBTU.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from EQQQ.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to EQQQ.L and solid risk/return profiles. The least correlated is GlaxoSmithKline plc (GSK.L) (Healthcare) with a 1Y correlation of -0.08, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| GlaxoSmithKline plc | -0.08 | -0.03 | 0.04 | 83 | Healthcare | |
| Games Workshop Group plc | 0.23 | 0.23 | 0.33 | 82 | Consumer Cyclical | |
| JP Morgan Global Growth & Income plc | 0.68 | 0.73 | 0.68 | 77 | Financial Services | |
| Allianz Technology Trust plc | 0.82 | 0.82 | — | 95 | Financial Services |
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