Looking to diversify beyond PHPP.L? The ETFs below have the lowest correlation with PHPP.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 PHPP.L.
Best Diversifiers for PHPP.L
20 ETFs have low correlation with PHPP.L (below 0.3), 1 of which are negatively correlated. The least correlated is SPDR MSCI World Energy UCITS ETF (ENGW.L) (Energy Equities) with a 1Y correlation of -0.03, down from 0.11 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR MSCI World Energy UCITS ETF | -0.03 | 0.11 | — | 66 | Energy Equities | PHPP.L vs ENGW.L | |
| iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | 0.05 | 0.04 | 0.03 | 98 | Ultrashort Bond | PHPP.L vs ERNS.L | |
| WisdomTree US Quality Dividend Growth UCITS ETF US... | 0.07 | 0.04 | 0.05 | 57 | Large Cap Blend Equities, Dividend | PHPP.L vs DGRA.L | |
| VanEck Morningstar Developed Markets Dividend Lead... | 0.09 | 0.14 | 0.16 | 91 | Global Equities, Dividend | PHPP.L vs TDGB.L | |
| Xtrackers MSCI World Quality Factor UCITS ETF 1C | 0.18 | 0.13 | 0.14 | 70 | Global Equities | PHPP.L vs XDEQ.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PHPP.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PHPP.L and solid risk/return profiles. The least correlated is Rolls-Royce Holdings PLC (RR.L) (Industrials) with a 1Y correlation of 0.22, up from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Rolls-Royce Holdings PLC | 0.22 | 0.11 | 0.07 | 75 | Industrials |
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