Looking to diversify beyond IPRP.L? The ETFs below have the lowest correlation with IPRP.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 IPRP.L.
Best Diversifiers for IPRP.L
9 ETFs have low correlation with IPRP.L (below 0.3), 0 of which are negatively correlated. The least correlated is iShares NASDAQ 100 UCITS ETF (CNDX.L) (Nasdaq-100) with a 1Y correlation of 0.18, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares NASDAQ 100 UCITS ETF | 0.18 | 0.17 | 0.29 | 51 | Nasdaq-100 | IPRP.L vs CNDX.L | |
| Franklin FTSE Korea UCITS ETF | 0.18 | 0.21 | 0.28 | 92 | South Korea Equities, Asia Pacific Equities | IPRP.L vs FLRK.L | |
| Global X Data Center REITs & Digital Infrastructur... | 0.21 | 0.33 | — | 73 | REIT, Technology Equities, Large Cap Blend Equities | IPRP.L vs VPN.L | |
| iShares MSCI EM UCITS ETF (Acc) | 0.22 | 0.22 | 0.29 | 59 | Emerging Markets Equities | IPRP.L vs SEMA.L | |
| iShares Core S&P 500 UCITS ETF | 0.23 | 0.20 | 0.32 | 69 | S&P 500 | IPRP.L vs CSP1.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IPRP.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IPRP.L and solid risk/return profiles. The least correlated is CMC Markets plc (CMCX.L) (Financial Services) with a 1Y correlation of 0.13, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| CMC Markets plc | 0.13 | 0.18 | 0.25 | 99 | Financial Services |
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