Looking to diversify beyond KWE3.L? The ETFs below have the lowest correlation with KWE3.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 KWE3.L.
Best Diversifiers for KWE3.L
2 ETFs have low correlation with KWE3.L (below 0.3), 0 of which are negatively correlated. The least correlated is Leverage Shares 3x Alphabet ETC GBP (3GOO.L) (Leveraged Equities) with a 1Y correlation of 0.19, roughly unchanged from 0.23 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leverage Shares 3x Alphabet ETC GBP | 0.19 | 0.23 | — | 95 | Leveraged Equities | KWE3.L vs 3GOO.L | |
| Leverage Shares 3x Alphabet ETP Scs | 0.20 | 0.23 | 0.27 | 95 | Leveraged Equities | KWE3.L vs 3GOE.L | |
| Leverage Shares 3x AMD ETC GBP | 0.31 | 0.27 | 0.30 | 95 | Leveraged Equities | KWE3.L vs 3AMD.L | |
| Leverage Shares 2x Advanced Micro Devices ETC GBP | 0.31 | 0.28 | 0.31 | 96 | Leveraged Equities | KWE3.L vs 2AMD.L | |
| Leverage Shares 3x AMD ETP Securities | 0.33 | 0.29 | — | 94 | Leveraged Equities | KWE3.L vs AMD3.L |
See all 15 diversifiers for KWE3.L
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