Looking to diversify beyond IJPH.L? The ETFs below have the lowest correlation with IJPH.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 IJPH.L.
Best Diversifiers for IJPH.L
0 ETFs have low correlation with IJPH.L (below 0.3), 0 of which are negatively correlated. The least correlated is iShares MSCI Brazil UCITS ETF (Dist) (IBZL.L) (Latin America Equities) with a 1Y correlation of 0.39, roughly unchanged from 0.31 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI Brazil UCITS ETF (Dist) | 0.39 | 0.30 | 0.31 | 52 | Latin America Equities | IJPH.L vs IBZL.L | |
| iShares FTSE 100 UCITS ETF | 0.40 | 0.42 | 0.49 | 68 | IJPH.L vs CUKX.L | ||
| Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc | 0.51 | 0.43 | 0.44 | 77 | Financials Equities | IJPH.L vs BNKE.L | |
| iShares NASDAQ 100 UCITS ETF USD (Acc) | 0.52 | 0.43 | 0.48 | 59 | Nasdaq-100 | IJPH.L vs CNX1.L | |
| SPDR MSCI Europe Value UCITS ETF | 0.52 | 0.42 | 0.49 | 81 | Europe Equities | IJPH.L vs EVAL.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IJPH.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IJPH.L and solid risk/return profiles. The least correlated is Coca Cola HBC AG (CCH.L) (Consumer Defensive) with a 1Y correlation of 0.05, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Coca Cola HBC AG | 0.05 | 0.06 | 0.19 | 75 | Consumer Defensive | |
| HICL Infrastructure Company Ltd | 0.20 | 0.17 | 0.20 | 72 | Financial Services | |
| The City of London Investment Trust plc | 0.39 | 0.39 | 0.44 | 85 | Financial Services | |
| Lloyds Banking Group plc | 0.46 | 0.34 | 0.38 | 87 | Financial Services |
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