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 Amundi Smart Overnight Return UCITS ETF GBP Hedged Acc (CSH2.L) (Money Market) with a 1Y correlation of 0.05, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Amundi Smart Overnight Return UCITS ETF GBP Hedged... | 0.05 | 0.01 | -0.02 | 99 | Money Market | PAXG.L vs CSH2.L | |
| HSBC MSCI Taiwan Capped UCITS ETF USD | 0.43 | 0.50 | 0.54 | 95 | Taiwan Equities, Asia Pacific Equities | PAXG.L vs HTWN.L | |
| iShares MSCI Taiwan UCITS ETF | 0.43 | 0.50 | 0.54 | 95 | Taiwan Equities, Asia Pacific Equities | PAXG.L vs ITWN.L | |
| Franklin FTSE Taiwan UCITS ETF | 0.44 | 0.48 | — | 96 | Taiwan Equities, Asia Pacific Equities | PAXG.L vs FRXT.L | |
| Xtrackers MSCI Korea UCITS ETF 1C | 0.44 | 0.49 | 0.53 | 93 | South Korea Equities, Asia Pacific Equities | PAXG.L vs XKS2.L |
See all 43 diversifiers for PAXG.L
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