Looking to diversify beyond GXLE.L? The ETFs below have the lowest correlation with GXLE.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 GXLE.L.
Best Diversifiers for GXLE.L
25 ETFs have low correlation with GXLE.L (below 0.3), 24 of which are negatively correlated. The least correlated is L&G ROBO Global Robotics and Automation UCITS ETF (ROBG.L) (Robotics) with a 1Y correlation of -0.16, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| L&G ROBO Global Robotics and Automation UCITS ETF | -0.16 | 0.13 | 0.18 | 82 | Robotics, Technology Equities | GXLE.L vs ROBG.L | |
| SPDR MSCI All Country World UCITS ETF | -0.16 | 0.15 | — | 73 | Global Equities | GXLE.L vs ACWD.L | |
| Invesco Solar Energy UCITS ETF Acc | -0.14 | 0.10 | — | 87 | Energy Equities | GXLE.L vs ISUN.L | |
| Invesco Solar Energy UCITS ETF Acc | -0.14 | 0.10 | 0.15 | 89 | Energy Equities | GXLE.L vs RAYS.L | |
| iShares Automation & Robotics UCITS ETF | -0.13 | 0.10 | 0.16 | 69 | Robotics, Technology Equities | GXLE.L vs RBTX.L |
See all 39 diversifiers for GXLE.L
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