Looking to diversify beyond PAVE.L? The ETFs below have the lowest correlation with PAVE.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 PAVE.L.
Best Diversifiers for PAVE.L
0 ETFs have low correlation with PAVE.L (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Space Innovators UCITS ETF (JEDG.L) (Industrials Equities) with a 1Y correlation of 0.36, down from 0.50 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Space Innovators UCITS ETF | 0.36 | 0.50 | — | 53 | Industrials Equities | PAVE.L vs JEDG.L | |
| Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP | 0.37 | 0.40 | — | 84 | Nasdaq-100, Options Trading | PAVE.L vs QYLP.L | |
| Global X SuperDividend UCITS ETF USD Distributing | 0.44 | 0.51 | — | 64 | Dividend | PAVE.L vs SDIP.L |
Diversification Analysis
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