Looking to diversify beyond IAPD.L? The ETFs below have the lowest correlation with IAPD.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 IAPD.L.
Best Diversifiers for IAPD.L
2 ETFs have low correlation with IAPD.L (below 0.3), 0 of which are negatively correlated. The least correlated is Xtrackers MSCI Europe Utilities ESG Screened UCITS ETF 1C (XS6R.L) (Utilities Equities) with a 1Y correlation of 0.28, roughly unchanged from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Xtrackers MSCI Europe Utilities ESG Screened UCITS... | 0.28 | 0.30 | 0.29 | 54 | Utilities Equities | IAPD.L vs XS6R.L | |
| Lyxor MSCI Korea UCITS ETF - Acc | 0.28 | 0.39 | 0.42 | 97 | Asia Pacific Equities | IAPD.L vs KRWL.L | |
| iShares S&P 500 Information Technology Sector UCIT... | 0.33 | 0.33 | 0.36 | 70 | Technology Equities, S&P 500 | IAPD.L vs IITU.L | |
| iShares S&P 500 Information Technology Sector UCIT... | 0.34 | 0.34 | 0.36 | 68 | Technology Equities, S&P 500 | IAPD.L vs IUIT.L | |
| HSBC MSCI Korea Capped UCITS ETF USD | 0.36 | 0.42 | 0.43 | 97 | Asia Pacific Equities | IAPD.L vs HKOR.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IAPD.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IAPD.L and solid risk/return profiles. The least correlated is Fidelity China Special Situations plc (FCSS.L) (Financial Services) with a 1Y correlation of 0.38, roughly unchanged from 0.45 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Fidelity China Special Situations plc | 0.38 | 0.49 | 0.45 | 61 | Financial Services |
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