Looking to diversify beyond PHSP.L? The ETFs below have the lowest correlation with PHSP.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 PHSP.L.
Best Diversifiers for PHSP.L
18 ETFs have low correlation with PHSP.L (below 0.3), 1 of which are negatively correlated. The least correlated is WisdomTree Soybean Oil (SOYO.L) (Agricultural Commodities) with a 1Y correlation of -0.03, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Soybean Oil | -0.03 | 0.09 | 0.15 | 52 | Agricultural Commodities | PHSP.L vs SOYO.L | |
| WisdomTree USD Floating Rate Treasury Bond UCITS E... | 0.02 | 0.03 | 0.03 | 87 | Government Bonds, Ultrashort Bond | PHSP.L vs USFR.L | |
| iShares S&P SmallCap 600 UCITS ETF | 0.13 | 0.11 | 0.09 | 81 | Small Cap Blend Equities | PHSP.L vs ISP6.L | |
| Invesco S&P SmallCap 600 UCITS ETF A | 0.14 | 0.12 | 0.10 | 78 | Small Cap Blend Equities | PHSP.L vs USML.L | |
| WisdomTree US Quality Dividend Growth UCITS ETF - ... | 0.15 | 0.06 | 0.03 | 61 | Large Cap Blend Equities, Dividend | PHSP.L vs DGRG.L |
See all 35 diversifiers for PHSP.L
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Diversification Analysis
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