Looking to diversify beyond LQQ3.L? The ETFs below have the lowest correlation with LQQ3.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 LQQ3.L.
Best Diversifiers for LQQ3.L
3 ETFs have low correlation with LQQ3.L (below 0.3), 2 of which are negatively correlated. The least correlated is Leverage Shares 3x Long Oil & Gas ETP Securities GBP (3XLE.L) (Leveraged Equities) with a 1Y correlation of -0.20, down from 0.03 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leverage Shares 3x Long Oil & Gas ETP Securities G... | -0.20 | 0.03 | — | 56 | Leveraged Equities | LQQ3.L vs 3XLE.L | |
| Leverage Shares 3x BP ETP GBX | -0.19 | 0.01 | 0.05 | 61 | Leveraged Equities | LQQ3.L vs 3BP.L | |
| WisdomTree Physical Silver | 0.25 | 0.15 | 0.12 | 56 | Silver, Precious Metals | LQQ3.L vs PHSP.L | |
| Leverage Shares 3x Apple ETP Securities GBP | 0.37 | 0.50 | 0.65 | 57 | Leveraged Equities | LQQ3.L vs 3AAP.L | |
| Leverage Shares 3x Apple ETC EUR | 0.40 | 0.52 | 0.62 | 63 | Leveraged Equities | LQQ3.L vs 3APE.L |
See all 48 diversifiers for LQQ3.L
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