Looking to diversify beyond PAWS.L? The ETFs below have historically moved differently from PAWS.L, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for PAWS.L
4 ETFs have low correlation with PAWS.L (below 0.3), 1 of which are negatively correlated. The least correlated is State Street SPDR MSCI World Energy UCITS ETF USD (Acc) (WNRG.L) (Global Equities) with a 1Y correlation of -0.13, down from 0.15 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR MSCI World Energy UCITS ETF USD ... | -0.13 | 0.15 | — | 75 | Global Equities, Energy Equities | PAWS.L vs WNRG.L | |
| iShares Global Infrastructure UCITS ETF USD (Dist) | 0.03 | 0.30 | — | 77 | Infrastructure Equities, Utilities Equities, Global Equities | PAWS.L vs INFR.L | |
| iShares Global Infrastructure UCITS ETF USD (Dist) | 0.07 | 0.31 | — | 74 | Infrastructure Equities, Mid Cap Value Equities, Global Equities | PAWS.L vs IDIN.L | |
| VanEck Morningstar Developed Markets Dividend Lead... | 0.22 | 0.42 | 0.50 | 95 | Global Equities, Dividend | PAWS.L vs TDGB.L | |
| L&G Battery Value-Chain UCITS ETF | 0.55 | 0.58 | — | 58 | Lithium & Battery Metals, Alternative Energy Equities, Global Equities, Energy Equities | PAWS.L vs BATG.L |
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