Looking to diversify beyond ESPO.L? The ETFs below have the lowest correlation with ESPO.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 ESPO.L.
Best Diversifiers for ESPO.L
2 ETFs have low correlation with ESPO.L (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Rare Earth and Strategic Metals UCITS ETF A (REGB.L) (Precious Metals) with a 1Y correlation of 0.27, down from 0.49 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Rare Earth and Strategic Metals UCITS ETF A | 0.27 | 0.41 | 0.49 | 89 | Precious Metals | ESPO.L vs REGB.L | |
| VanEck Morningstar Developed Markets Dividend Lead... | 0.28 | 0.45 | 0.45 | 91 | Global Equities, Dividend | ESPO.L vs TDGB.L | |
| KraneShares Electric Vehicles & Future Mobility ES... | 0.36 | 0.53 | 0.58 | 90 | Technology Equities | ESPO.L vs KARP.L | |
| Global X Autonomous & Electric Vehicles UCITS ETF ... | 0.36 | 0.58 | 0.64 | 94 | Technology Equities | ESPO.L vs DRVG.L | |
| iShares MSCI Europe Information Technology Sector ... | 0.36 | 0.54 | 0.58 | 81 | Technology Equities | ESPO.L vs ESIT.L |
See all 24 diversifiers for ESPO.L
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