Looking to diversify beyond ESPX.AS? The ETFs below have the lowest correlation with ESPX.AS — 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 ESPX.AS.
Best Diversifiers for ESPX.AS
0 ETFs have low correlation with ESPX.AS (below 0.3), 0 of which are negatively correlated. The least correlated is iShares MSCI World Information Technology Sector ESG UCITS ETF (WITS.AS) (Technology Equities) with a 1Y correlation of 0.83, roughly unchanged from 0.85 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI World Information Technology Sector E... | 0.84 | 0.85 | — | 68 | Technology Equities | ESPX.AS vs WITS.AS | |
| iShares NASDAQ 100 UCITS ETF | 0.84 | 0.86 | — | 71 | Nasdaq-100 | ESPX.AS vs CNDX.AS | |
| iShares World Equity High Income UCITS ETF USD Inc | 0.85 | — | — | 74 | Global Equity Income | ESPX.AS vs WINC.AS | |
| iShares Core MSCI World UCITS ETF USD (Acc) | 0.87 | 0.88 | — | 68 | Global Equities | ESPX.AS vs IWDA.AS | |
| iShares Core S&P 500 UCITS ETF | 0.89 | 0.90 | — | 68 | S&P 500 | ESPX.AS vs CSPX.AS |
Diversification Analysis
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