Looking to diversify beyond IPRV.L? The ETFs below have the lowest correlation with IPRV.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 IPRV.L.
Best Diversifiers for IPRV.L
1 ETFs have low correlation with IPRV.L (below 0.3), 1 of which are negatively correlated. The least correlated is iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD (ROLG.L) (Commodities) with a 1Y correlation of -0.20, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Bloomberg Roll Select Commodity Swap UCITS... | -0.20 | -0.01 | 0.07 | 83 | Commodities | IPRV.L vs ROLG.L | |
| Xtrackers USD High Yield Corporate Bond UCITS ETF ... | 0.30 | 0.34 | 0.32 | 54 | High Yield Bonds | IPRV.L vs XUHY.L | |
| iShares MSCI EM Latin America UCITS ETF USD (Dist) | 0.33 | 0.39 | 0.41 | 62 | Latin America Equities | IPRV.L vs LTAM.L | |
| iShares Emerging Markets Dividend UCITS ETF | 0.36 | 0.42 | 0.42 | 81 | Emerging Markets Equities | IPRV.L vs SEDY.L | |
| iShares S&P 500 Information Technology Sector UCIT... | 0.43 | 0.48 | 0.57 | 70 | Technology Equities, S&P 500 | IPRV.L vs IITU.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from IPRV.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to IPRV.L and solid risk/return profiles. The least correlated is HarbourVest Global Private Equity Ltd (HVPE.L) (Financial Services) with a 1Y correlation of 0.31, roughly unchanged from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| HarbourVest Global Private Equity Ltd | 0.31 | 0.32 | 0.40 | 90 | Financial Services | |
| 3I Infrastructure plc | 0.36 | 0.33 | 0.31 | 64 | Financial Services | |
| The City of London Investment Trust plc | 0.54 | 0.55 | 0.61 | 80 | Financial Services |
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