Looking to diversify beyond PAXJ.L? The ETFs below have the lowest correlation with PAXJ.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 PAXJ.L.
Best Diversifiers for PAXJ.L
4 ETFs have low correlation with PAXJ.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 0.02, roughly unchanged from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lyxor Smart Overnight Return UCITS ETF C-GBP | 0.02 | -0.00 | -0.00 | 99 | Money Market | PAXJ.L vs CSH2.L | |
| HSBC MSCI Taiwan Capped UCITS ETF USD | 0.26 | — | — | 97 | Asia Pacific Equities | PAXJ.L vs HTWN.L | |
| Franklin FTSE Taiwan UCITS ETF | 0.28 | — | — | 97 | Asia Pacific Equities | PAXJ.L vs FRXT.L | |
| iShares MSCI Taiwan UCITS ETF | 0.29 | — | — | 97 | Asia Pacific Equities | PAXJ.L vs ITWN.L | |
| iShares MSCI AC Far East ex-Japan Small Cap UCITS ... | 0.32 | — | — | 87 | Asia Pacific Equities | PAXJ.L vs ISFE.L |
See all 43 diversifiers for PAXJ.L
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