Looking to diversify beyond JPNL.L? The ETFs below have the lowest correlation with JPNL.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 JPNL.L.
Best Diversifiers for JPNL.L
1 ETFs have low correlation with JPNL.L (below 0.3), 0 of which are negatively correlated. The least correlated is Lyxor Smart Overnight Return UCITS ETF C-GBP (CSH2.L) (Money Market) with a 1Y correlation of 0.11, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lyxor Smart Overnight Return UCITS ETF C-GBP | 0.11 | 0.00 | 0.03 | 99 | Money Market | JPNL.L vs CSH2.L | |
| Amundi S&P 500 Swap UCITS ETF USD Acc | 0.40 | 0.38 | 0.35 | 82 | S&P 500 | JPNL.L vs 500G.L | |
| Amundi Nasdaq-100 UCITS USD | 0.41 | 0.38 | 0.34 | 76 | Nasdaq-100 | JPNL.L vs ANXU.L | |
| JPMorgan Japan Research Enhanced Index Equity (ESG... | 0.43 | 0.29 | — | 97 | Japan Equities | JPNL.L vs JRIE.L | |
| Lyxor MSCI All Country World UCITS ETF | 0.44 | 0.31 | 0.23 | 87 | Global Equities | JPNL.L vs ACWL.L |
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