Looking to balance out your exposure to JPEL.L? The ETFs below have the lowest correlation with JPEL.L — they tend to move on their own, which can help reduce risk when JPEL.L drops. The stock ideas table highlights individual companies that behave independently from JPEL.L.
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 0.03, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core MSCI World UCITS ETF USD (Acc) | 0.03 | 0.04 | 0.07 | 68 | Global Equities | JPEL.L vs IWDA.L |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from JPEL.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to JPEL.L and solid risk/return profiles. The least correlated is HarbourVest Global Private Equity Ltd (HVPE.L) (Financial Services) with a 1Y correlation of -0.13, roughly unchanged from -0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| HarbourVest Global Private Equity Ltd | -0.13 | -0.07 | -0.07 | 91 | Financial Services |
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