Looking to diversify beyond IEF5.L? The ETFs below have the lowest correlation with IEF5.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 IEF5.L.
Best Diversifiers for IEF5.L
2 ETFs have low correlation with IEF5.L (below 0.3), 0 of which are negatively correlated. The least correlated is Leverage Shares 4x Long Semiconductors ETP Securities (SOXL.L) (Leveraged Equities) with a 1Y correlation of 0.04, roughly unchanged from -0.01 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leverage Shares 4x Long Semiconductors ETP Securit... | 0.04 | -0.01 | — | 90 | Leveraged Equities, Semiconductors | IEF5.L vs SOXL.L | |
| Leverage Shares 3x Long Semiconductors ETP Securit... | 0.07 | 0.02 | — | 92 | Leveraged Equities, Semiconductors | IEF5.L vs SMH3.L |
Diversification Analysis
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