Looking to diversify beyond PAJS.L? The ETFs below have the lowest correlation with PAJS.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 PAJS.L.
Best Diversifiers for PAJS.L
0 ETFs have low correlation with PAJS.L (below 0.3), 0 of which are negatively correlated. The least correlated is JPMorgan Japan Research Enhanced Index Equity (ESG) UCITS ETF USD (dist) (JRIE.L) (Japan Equities) with a 1Y correlation of 0.39, up from 0.26 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Japan Research Enhanced Index Equity (ESG... | 0.39 | 0.26 | — | 97 | Japan Equities | PAJS.L vs JRIE.L | |
| Invesco FTSE All-World UCITS ETF Acc | 0.41 | — | — | 86 | Global Equities | PAJS.L vs FWRG.L | |
| Invesco Technology S&P US Select Sector UCITS ETF ... | 0.42 | 0.41 | — | 73 | Technology Equities | PAJS.L vs XLKQ.L | |
| Invesco EQQQ NASDAQ-100 UCITS ETF | 0.47 | 0.45 | — | 75 | Nasdaq-100 | PAJS.L vs EQQU.L | |
| Invesco EQQQ NASDAQ-100 UCITS ETF | 0.47 | 0.46 | — | 78 | Nasdaq-100 | PAJS.L vs EQQQ.L |
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