Looking to diversify beyond IMID.L? The ETFs below have historically moved differently from IMID.L, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for IMID.L
16 ETFs have low correlation with IMID.L (below 0.3), 8 of which are negatively correlated. The least correlated is SPDR S&P US Energy Select Sector UCITS ETF (GXLE.L) (Energy Equities) with a 1Y correlation of -0.19, down from 0.22 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR S&P US Energy Select Sector UCITS ETF | -0.19 | 0.15 | 0.22 | 71 | Energy Equities | IMID.L vs GXLE.L | |
| State Street SPDR MSCI World Energy UCITS ETF | -0.15 | 0.18 | 0.25 | 76 | Energy Equities | IMID.L vs ENGW.L | |
| SPDR® MSCI Europe Energy UCITS ETF | -0.14 | 0.15 | 0.25 | 79 | Energy Equities | IMID.L vs ENGY.L | |
| State Street SPDR S&P U.S. Energy Select Sector UC... | -0.13 | 0.16 | 0.31 | 69 | Energy Equities | IMID.L vs SXLE.L | |
| iShares MSCI World Energy Sector UCITS ETF USD (Di... | -0.12 | 0.16 | — | 77 | Energy Equities | IMID.L vs WENS.L |
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