Looking to diversify beyond PEMD.L? The ETFs below have the lowest correlation with PEMD.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 PEMD.L.
Best Diversifiers for PEMD.L
1 ETFs have low correlation with PEMD.L (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc (EQGB.L) (Nasdaq-100) with a 1Y correlation of 0.20, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc | 0.20 | 0.17 | 0.17 | 73 | Nasdaq-100 | PEMD.L vs EQGB.L | |
| JPMorgan USD Emerging Markets Sovereign Bond UCITS... | 0.40 | 0.46 | 0.47 | 60 | Emerging Markets Bonds | PEMD.L vs JMBP.L | |
| Invesco Technology S&P US Select Sector UCITS ETF ... | 0.40 | 0.31 | 0.38 | 73 | Technology Equities | PEMD.L vs XLKQ.L | |
| Invesco EQQQ NASDAQ-100 UCITS ETF | 0.41 | 0.34 | 0.34 | 78 | Nasdaq-100 | PEMD.L vs EQQQ.L | |
| L&G China CNY Bond UCITS ETF | 0.42 | 0.26 | 0.30 | 85 | Emerging Markets Bonds | PEMD.L vs DRGN.L |
See all 29 diversifiers for PEMD.L
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements PEMD.L
Add PEMD.L to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with PEMD.L