Looking to diversify beyond ISPY.L? The ETFs below have the lowest correlation with ISPY.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 ISPY.L.
Best Diversifiers for ISPY.L
11 ETFs have low correlation with ISPY.L (below 0.3), 0 of which are negatively correlated. The least correlated is L&G All Commodities UCITS ETF - USD Accumulating ETF (BCOM.L) (Commodities) with a 1Y correlation of 0.05, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| L&G All Commodities UCITS ETF - USD Accumulating E... | 0.05 | 0.11 | 0.17 | 59 | Commodities | ISPY.L vs BCOM.L | |
| L&G Longer Dated All Commodities UCITS ETF | 0.06 | 0.13 | 0.19 | 58 | Commodities | ISPY.L vs COMF.L | |
| L&G Multi-Strategy Enhanced Commodities UCITS ETF ... | 0.07 | 0.12 | — | 52 | Commodities | ISPY.L vs ENCO.L | |
| L&G Pharma Breakthrough UCITS ETF - USD Accumulati... | 0.15 | 0.30 | 0.45 | 67 | Health & Biotech Equities | ISPY.L vs BIOT.L | |
| L&G Emerging Markets Quality Dividends Equal Weigh... | 0.17 | 0.28 | 0.32 | 73 | Emerging Markets Equities | ISPY.L vs LDME.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ISPY.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ISPY.L and solid risk/return profiles. The least correlated is Rolls-Royce Holdings PLC (RR.L) (Industrials) with a 1Y correlation of 0.19, roughly unchanged from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Rolls-Royce Holdings PLC | 0.19 | 0.27 | 0.27 | 78 | Industrials |
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