Looking to diversify beyond IEMA.L? The ETFs below have the lowest correlation with IEMA.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 IEMA.L.
Best Diversifiers for IEMA.L
1 ETFs have low correlation with IEMA.L (below 0.3), 0 of which are negatively correlated. The least correlated is SPDR MSCI Europe Utilities UCITS ETF (UTIL.L) (Utilities Equities) with a 1Y correlation of 0.14, roughly unchanged from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR MSCI Europe Utilities UCITS ETF | 0.14 | 0.16 | 0.22 | 57 | Utilities Equities | IEMA.L vs UTIL.L | |
| iShares Physical Silver ETC | 0.36 | 0.30 | 0.25 | 56 | Silver, Precious Metals | IEMA.L vs SSLN.L | |
| Global X Silver Miners UCITS ETF USD Accumulating | 0.50 | 0.46 | — | 54 | Silver, Commodity Producers Equities, Precious Metals | IEMA.L vs SILG.L | |
| iShares Edge MSCI Europe Value Factor UCITS ETF EU... | 0.57 | 0.57 | 0.56 | 72 | Europe Equities | IEMA.L vs IEVL.L | |
| SPDR Russell 2000 US Small Cap UCITS ETF | 0.64 | 0.59 | 0.63 | 69 | Small Cap Blend Equities | IEMA.L vs R2US.L |
See all 36 diversifiers for IEMA.L
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