Looking to diversify beyond PAES.L? The ETFs below have the lowest correlation with PAES.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 PAES.L.
Best Diversifiers for PAES.L
0 ETFs have low correlation with PAES.L (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Technology S&P US Select Sector UCITS ETF GBP Acc (XLKQ.L) (Technology Equities) with a 1Y correlation of 0.36, roughly unchanged from 0.40 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Technology S&P US Select Sector UCITS ETF ... | 0.36 | 0.40 | — | 64 | Technology Equities | PAES.L vs XLKQ.L | |
| Invesco EQQQ NASDAQ-100 UCITS ETF | 0.44 | 0.46 | — | 76 | Nasdaq-100 | PAES.L vs EQQQ.L | |
| Invesco FTSE All-World UCITS ETF Acc | 0.45 | — | — | 88 | Global Equities | PAES.L vs FWRG.L | |
| Invesco EQQQ NASDAQ-100 UCITS ETF | 0.46 | 0.47 | — | 67 | Nasdaq-100 | PAES.L vs EQQU.L | |
| iShares MSCI Poland UCITS ETF USD (Acc) | 0.50 | 0.52 | — | 57 | Europe Equities | PAES.L vs SPOL.L |
See all 29 diversifiers for PAES.L
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