Looking to diversify beyond PAWS.L? The ETFs below have the lowest correlation with PAWS.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 PAWS.L.
Best Diversifiers for PAWS.L
1 ETFs have low correlation with PAWS.L (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Global Infrastructure UCITS ETF USD (Dist) (INFR.L) (Utilities Equities) with a 1Y correlation of 0.08, down from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Global Infrastructure UCITS ETF USD (Dist) | 0.08 | 0.33 | 0.43 | 61 | Utilities Equities, Global Equities | PAWS.L vs INFR.L | |
| L&G Battery Value-Chain UCITS ETF | 0.55 | 0.57 | 0.62 | 94 | Alternative Energy Equities, Global Equities | PAWS.L vs BATG.L | |
| WisdomTree Battery Solutions UCITS ETF - USD Acc | 0.55 | 0.53 | 0.58 | 90 | Alternative Energy Equities, Global Equities | PAWS.L vs CHRG.L | |
| JPMorgan Global Equity Multi-Factor UCITS ETF Accu... | 0.62 | 0.74 | — | 89 | Global Equities | PAWS.L vs JPLG.L | |
| Scottish Mortgage Investment Trust plc | 0.63 | 0.68 | — | 78 | Global Equities | PAWS.L vs SMT.L |
See all 22 diversifiers for PAWS.L
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