Looking to diversify beyond ESIC.L? The ETFs below have the lowest correlation with ESIC.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 ESIC.L.
Best Diversifiers for ESIC.L
3 ETFs have low correlation with ESIC.L (below 0.3), 0 of which are negatively correlated. The least correlated is SPDR MSCI Europe Utilities UCITS ETF (UTIL.L) (Utilities Equities) with a 1Y correlation of 0.16, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR MSCI Europe Utilities UCITS ETF | 0.16 | 0.23 | 0.33 | 57 | Utilities Equities | ESIC.L vs UTIL.L | |
| iShares S&P 500 Information Technology Sector UCIT... | 0.26 | 0.32 | 0.45 | 70 | Technology Equities, S&P 500 | ESIC.L vs IITU.L | |
| iShares S&P 500 Information Technology Sector UCIT... | 0.28 | 0.34 | 0.46 | 68 | Technology Equities, S&P 500 | ESIC.L vs IUIT.L | |
| Franklin AC Asia ex Japan UCITS ETF | 0.30 | 0.40 | 0.41 | 94 | Asia Pacific Equities | ESIC.L vs FRQX.L | |
| Vanguard FTSE Japan UCITS ETF USD Hedged Acc | 0.33 | 0.32 | 0.31 | 88 | Japan Equities | ESIC.L vs VJPU.L |
See all 15 diversifiers for ESIC.L
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