Looking to diversify beyond PAXG.L? The ETFs below have the lowest correlation with PAXG.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 PAXG.L.
Best Diversifiers for PAXG.L
1 ETFs have low correlation with PAXG.L (below 0.3), 0 of which are negatively correlated. The least correlated is Lyxor Smart Overnight Return UCITS ETF C-GBP (CSH2.L) (Money Market) with a 1Y correlation of 0.01, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lyxor Smart Overnight Return UCITS ETF C-GBP | 0.01 | 0.01 | -0.01 | 99 | Money Market | PAXG.L vs CSH2.L | |
| Lyxor MSCI Korea UCITS ETF - Acc | 0.33 | 0.38 | 0.31 | 97 | Asia Pacific Equities | PAXG.L vs KRWL.L | |
| Franklin AC Asia ex Japan UCITS ETF | 0.41 | 0.47 | 0.36 | 94 | Asia Pacific Equities | PAXG.L vs FRQX.L | |
| Xtrackers MSCI Korea UCITS ETF 1C | 0.43 | 0.43 | 0.34 | 97 | Asia Pacific Equities | PAXG.L vs XKS2.L | |
| HSBC MSCI Korea Capped UCITS ETF USD | 0.43 | 0.43 | 0.34 | 97 | Asia Pacific Equities | PAXG.L vs HKOR.L |
See all 46 diversifiers for PAXG.L
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