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 JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) (JRDZ.L) (Europe Equities) with a 1Y correlation of 0.34, up from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Eurozone Research Enhanced Index Equity (... | 0.34 | 0.21 | 0.21 | 99 | Europe Equities | OMXS.L vs JRDZ.L | |
| Franklin European Quality Dividend UCITS ETF | 0.37 | 0.43 | 0.53 | 80 | Europe Equities | OMXS.L vs FLXD.L | |
| iShares S&P 500 Information Technology Sector UCIT... | 0.40 | 0.37 | 0.46 | 70 | Technology Equities, S&P 500 | OMXS.L vs IITU.L | |
| Invesco EQQQ NASDAQ-100 UCITS ETF | 0.45 | 0.41 | 0.50 | 78 | Nasdaq-100 | OMXS.L vs EQQQ.L | |
| iShares NASDAQ 100 UCITS ETF | 0.45 | 0.43 | 0.50 | 75 | Nasdaq-100 | OMXS.L vs CNDX.L |
See all 24 diversifiers for OMXS.L
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