Looking to diversify beyond ESIT.L? The ETFs below have historically moved differently from ESIT.L, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for ESIT.L
2 ETFs have low correlation with ESIT.L (below 0.3), 2 of which are negatively correlated. The least correlated is iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc) (ESIE.L) (Energy Equities) with a 1Y correlation of -0.13, down from 0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI Europe Energy Sector UCITS ETF EUR (A... | -0.13 | 0.06 | 0.12 | 76 | Energy Equities | ESIT.L vs ESIE.L | |
| iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) | -0.12 | -0.07 | -0.14 | 100 | Government Bonds, Ultrashort Bond | ESIT.L vs IB01.L | |
| iShares Core FTSE 100 UCITS ETF GBP (Acc) | 0.32 | 0.38 | 0.46 | 80 | Europe Equities | ESIT.L vs CUKX.L | |
| iShares MSCI Japan GBP Hedged UCITS ETF | 0.57 | 0.49 | 0.52 | 89 | Japan Equities, Asia Pacific Equities | ESIT.L vs IJPH.L | |
| Global X Data Center REITs & Digital Infrastructur... | 0.58 | 0.51 | — | 75 | Technology Equities | ESIT.L vs VPNG.L |
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