Looking to diversify beyond PHGP.L? The ETFs below have the lowest correlation with PHGP.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 PHGP.L.
Best Diversifiers for PHGP.L
25 ETFs have low correlation with PHGP.L (below 0.3), 1 of which are negatively correlated. The least correlated is iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IUES.L) (Energy Equities) with a 1Y correlation of -0.04, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P 500 Energy Sector UCITS ETF USD (Acc) | -0.04 | 0.04 | 0.02 | 60 | Energy Equities, S&P 500 | PHGP.L vs IUES.L | |
| iShares J.P. Morgan USD Emerging Markets Bond UCIT... | 0.01 | 0.13 | 0.18 | 77 | Emerging Markets Bonds | PHGP.L vs SEMB.L | |
| WisdomTree US Quality Dividend Growth UCITS ETF US... | 0.05 | 0.01 | -0.03 | 57 | Large Cap Blend Equities, Dividend | PHGP.L vs DGRA.L | |
| Invesco Technology S&P US Select Sector UCITS ETF ... | 0.06 | 0.00 | -0.04 | 73 | Technology Equities | PHGP.L vs XLKQ.L | |
| iShares S&P 500 Information Technology Sector UCIT... | 0.07 | 0.00 | -0.04 | 70 | Technology Equities, S&P 500 | PHGP.L vs IITU.L |
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