Looking to balance out your exposure to JPEL.L? The ETFs below have historically moved differently from JPEL.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 JPEL.L
1 ETFs have low correlation with JPEL.L (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) (Global Equities) with a 1Y correlation of 0.01, roughly unchanged from 0.05 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core MSCI World UCITS ETF USD (Acc) | 0.01 | 0.04 | 0.05 | 69 | Global Equities | JPEL.L vs IWDA.L |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for JPEL.L, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is HarbourVest Global Private Equity Ltd (HVPE.L) (Financial Services) with a 1Y correlation of -0.09, roughly unchanged from -0.07 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| HarbourVest Global Private Equity Ltd | -0.09 | -0.06 | -0.07 | 81 | Financial Services |
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