Looking to diversify beyond OMXS.L? The ETFs below have the lowest correlation with OMXS.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 OMXS.L.
Best Diversifiers for OMXS.L
0 ETFs have low correlation with OMXS.L (below 0.3), 0 of which are negatively correlated. The least correlated is Franklin European Quality Dividend UCITS ETF (FLXD.L) (Europe Equities) with a 1Y correlation of 0.36, down from 0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Franklin European Quality Dividend UCITS ETF | 0.36 | 0.42 | 0.52 | 88 | Europe Equities | OMXS.L vs FLXD.L | |
| iShares S&P 500 Information Technology Sector UCIT... | 0.42 | 0.37 | 0.46 | 58 | Technology Equities, S&P 500 | OMXS.L vs IITU.L | |
| iShares S&P 500 Information Technology Sector UCIT... | 0.43 | 0.39 | 0.48 | 50 | Technology Equities, S&P 500 | OMXS.L vs IUIT.L | |
| Invesco EQQQ NASDAQ-100 UCITS ETF | 0.46 | 0.41 | 0.50 | 76 | Nasdaq-100 | OMXS.L vs EQQQ.L | |
| iShares MSCI Poland UCITS ETF USD (Acc) | 0.48 | 0.50 | 0.52 | 58 | Europe Equities | OMXS.L vs SPOL.L |
See all 37 diversifiers for OMXS.L
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