Looking to diversify beyond ITPS.L? The ETFs below have historically moved differently from ITPS.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 ITPS.L
32 ETFs have low correlation with ITPS.L (below 0.3), 12 of which are negatively correlated. The least correlated is Vanguard FTSE Developed Europe UCITS ETF Distributing (VEUR.L) (Europe Equities) with a 1Y correlation of -0.13, roughly unchanged from -0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard FTSE Developed Europe UCITS ETF Distribut... | -0.13 | -0.10 | -0.12 | 59 | Europe Equities | ITPS.L vs VEUR.L | |
| iShares Core MSCI Europe UCITS ETF EUR (Acc) | -0.13 | -0.07 | -0.10 | 58 | Europe Equities | ITPS.L vs SMEA.L | |
| Vanguard FTSE Developed Europe UCITS ETF (EUR) Acc... | -0.13 | -0.08 | -0.11 | 58 | Europe Equities | ITPS.L vs VEUA.L | |
| iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | -0.09 | -0.02 | -0.00 | 99 | Ultrashort Bond | ITPS.L vs ERNS.L | |
| iShares Core MSCI EM IMI UCITS ETF | -0.07 | -0.07 | -0.08 | 57 | Emerging Markets Equities | ITPS.L vs EIMI.L |
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