Looking to balance out your exposure to GDP.L? The ETFs below have the lowest correlation with GDP.L — they tend to move on their own, which can help reduce risk when GDP.L drops. The stock ideas table highlights individual companies that behave independently from GDP.L.
Best Diversifiers for GDP.L
1 ETFs have low correlation with GDP.L (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Technology S&P US Select Sector UCITS ETF GBP Acc (XLKQ.L) (Technology Equities) with a 1Y correlation of 0.08, roughly unchanged from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Technology S&P US Select Sector UCITS ETF ... | 0.08 | 0.02 | -0.00 | 73 | Technology Equities | GDP.L vs XLKQ.L |
Diversification Analysis
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