Looking to diversify beyond ERO.L? The ETFs below have the lowest correlation with ERO.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 ERO.L.
Best Diversifiers for ERO.L
0 ETFs have low correlation with ERO.L (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) (JRDZ.L) (Europe Equities) with a 1Y correlation of 0.39, roughly unchanged from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Eurozone Research Enhanced Index Equity (... | 0.39 | 0.29 | 0.29 | 99 | Europe Equities | ERO.L vs JRDZ.L | |
| SPDR MSCI USA Small Cap Value Weighted UCITS ETF | 0.54 | 0.55 | 0.60 | 75 | Small Cap Value Equities | ERO.L vs USSC.L | |
| State Street SPDR S&P 500 UCITS ETF | 0.55 | 0.53 | 0.59 | 75 | S&P 500 | ERO.L vs SPY5.L | |
| UBS ETF (LU) Factor MSCI EMU Prime Value UCITS ETF... | 0.55 | 0.36 | 0.29 | 90 | Europe Equities | ERO.L vs UD03.L | |
| SPDR S&P 500 UCITS ETF | 0.56 | 0.52 | 0.60 | 83 | S&P 500 | ERO.L vs SPX5.L |
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