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
23 ETFs have low correlation with EQQQ.L (below 0.3), 8 of which are negatively correlated. The least correlated is iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IUES.L) (Energy Equities) with a 1Y correlation of -0.18, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P 500 Energy Sector UCITS ETF USD (Acc) | -0.18 | 0.05 | 0.15 | 57 | Energy Equities, S&P 500 | EQQQ.L vs IUES.L | |
| Invesco S&P World Energy Targeted & Screened UCITS... | -0.15 | 0.11 | 0.10 | 66 | Energy Equities | EQQQ.L vs WDEE.L | |
| Invesco US Energy Sector UCITS ETF | -0.14 | 0.09 | 0.12 | 53 | Energy Equities | EQQQ.L vs XLEP.L | |
| Invesco Energy S&P US Select Sector UCITS ETF Acc | -0.13 | 0.09 | 0.13 | 59 | Energy Equities | EQQQ.L vs XLES.L | |
| Invesco US Treasury Bond 0-1 Year UCITS ETF GBP He... | -0.09 | -0.08 | — | 97 | Short-Term Bond | EQQQ.L vs TIGB.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 -0.06, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| GlaxoSmithKline plc | -0.06 | -0.02 | 0.05 | 71 | Healthcare | |
| Games Workshop Group plc | 0.17 | 0.18 | 0.28 | 72 | Consumer Cyclical | |
| Fidelity China Special Situations plc | 0.34 | 0.29 | 0.33 | 65 | Financial Services | |
| JP Morgan Global Growth & Income plc | 0.68 | 0.73 | 0.68 | 76 | Financial Services | |
| Allianz Technology Trust plc | 0.82 | 0.81 | 0.80 | 96 | Financial Services |
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