Looking to diversify beyond MXJP.L? The ETFs below have the lowest correlation with MXJP.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 MXJP.L.
Best Diversifiers for MXJP.L
0 ETFs have low correlation with MXJP.L (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.L) (Nasdaq-100) with a 1Y correlation of 0.42, roughly unchanged from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco EQQQ NASDAQ-100 UCITS ETF | 0.42 | 0.44 | 0.47 | 78 | Nasdaq-100 | MXJP.L vs EQQQ.L | |
| Invesco Technology S&P US Select Sector UCITS ETF ... | 0.43 | 0.44 | 0.51 | 73 | Technology Equities | MXJP.L vs XLKQ.L | |
| Invesco EQQQ NASDAQ-100 UCITS ETF | 0.54 | 0.52 | 0.58 | 75 | Nasdaq-100 | MXJP.L vs EQQU.L | |
| Invesco S&P 500 UCITS ETF | 0.54 | 0.54 | 0.59 | 83 | S&P 500 | MXJP.L vs SPXP.L | |
| Invesco FTSE All-World UCITS ETF Acc | 0.54 | 0.49 | 0.49 | 86 | Global Equities | MXJP.L vs FWRG.L |
See all 31 diversifiers for MXJP.L
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements MXJP.L
Add MXJP.L to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MXJP.L