Looking to diversify beyond GXLF.L? The ETFs below have the lowest correlation with GXLF.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 GXLF.L.
Best Diversifiers for GXLF.L
1 ETFs have low correlation with GXLF.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 0.28, roughly unchanged from 0.30 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Technology S&P US Select Sector UCITS ETF ... | 0.28 | 0.30 | — | 73 | Technology Equities | GXLF.L vs XLKQ.L | |
| Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc | 0.38 | 0.38 | 0.43 | 55 | Financials Equities | GXLF.L vs BNKE.L | |
| Invesco EURO STOXX Optimised Banks UCITS ETF | 0.39 | 0.38 | 0.43 | 50 | Financials Equities | GXLF.L vs S7XP.L | |
| Invesco European Banks Sector UCITS ETF | 0.40 | 0.42 | — | 56 | Financials Equities | GXLF.L vs X7PP.L | |
| Amundi ETF MSCI Europe Banks UCITS ETF | 0.42 | — | — | 60 | Financials Equities | GXLF.L vs CB5.L |
See all 15 diversifiers for GXLF.L
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