Looking to balance out your exposure to INPP.L? The ETFs below have the lowest correlation with INPP.L — they tend to move on their own, which can help reduce risk when INPP.L drops. The stock ideas table highlights individual companies that behave independently from INPP.L.
Best Diversifiers for INPP.L
2 ETFs have low correlation with INPP.L (below 0.3), 0 of which are negatively correlated. The least correlated is HSBC MSCI World UCITS ETF (HMWO.L) (Global Equities) with a 1Y correlation of 0.27, roughly unchanged from 0.24 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| HSBC MSCI World UCITS ETF | 0.27 | 0.26 | 0.24 | 81 | Global Equities | INPP.L vs HMWO.L | |
| iShares Core MSCI World UCITS ETF USD (Acc) | 0.28 | 0.25 | 0.24 | 81 | Global Equities | INPP.L vs SWDA.L | |
| iShares MSCI World Small Cap UCITS ETF | 0.32 | 0.34 | 0.30 | 79 | Small Cap Blend Equities | INPP.L vs WLDS.L | |
| iShares FTSE 100 UCITS ETF | 0.40 | 0.37 | 0.31 | 71 | INPP.L vs CUKX.L | ||
| iShares UK Dividend UCITS ETF | 0.41 | 0.44 | 0.37 | 83 | Dividend | INPP.L vs IUKD.L |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from INPP.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to INPP.L and solid risk/return profiles. The least correlated is LondonMetric Property plc (LMP.L) (Real Estate) with a 1Y correlation of 0.39, roughly unchanged from 0.36 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| LondonMetric Property plc | 0.39 | 0.37 | 0.36 | 55 | Real Estate | |
| Tritax Big Box REIT plc | 0.39 | 0.38 | 0.36 | 71 | Real Estate | |
| Murray International Trust | 0.40 | 0.40 | 0.36 | 94 | Financial Services | |
| HICL Infrastructure Company Ltd | 0.73 | 0.68 | 0.65 | 74 | Financial Services |
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