Looking to diversify beyond LEML.L? The ETFs below have the lowest correlation with LEML.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 LEML.L.
Best Diversifiers for LEML.L
3 ETFs have low correlation with LEML.L (below 0.3), 2 of which are negatively correlated. The least correlated is SPDR MSCI Europe Energy UCITS ETF (ENGE.L) (Energy Equities) with a 1Y correlation of -0.13, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR MSCI Europe Energy UCITS ETF | -0.13 | 0.18 | 0.23 | 56 | Energy Equities | LEML.L vs ENGE.L | |
| Amundi Smart Overnight Return UCITS ETF GBP Hedged... | -0.03 | -0.06 | -0.02 | 99 | Money Market | LEML.L vs CSH2.L | |
| UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-a... | 0.01 | 0.14 | 0.19 | 65 | Commodities | LEML.L vs UC15.L | |
| Amundi FTSE 100 UCITS ETF | 0.39 | 0.48 | 0.49 | 65 | Europe Equities | LEML.L vs 100D.L | |
| Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc | 0.40 | 0.42 | 0.42 | 73 | Financials Equities | LEML.L vs BNKE.L |
See all 33 diversifiers for LEML.L
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements LEML.L
Add LEML.L to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with LEML.L