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
21 ETFs have low correlation with PHSP.L (below 0.3), 3 of which are negatively correlated. The least correlated is WisdomTree USD Floating Rate Treasury Bond UCITS ETF USD (USFR.L) (Government Bonds) with a 1Y correlation of -0.15, roughly unchanged from -0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree USD Floating Rate Treasury Bond UCITS E... | -0.15 | -0.13 | -0.13 | 97 | Government Bonds, Ultrashort Bond | PHSP.L vs USFR.L | |
| WisdomTree Brent Crude Oil | -0.13 | 0.08 | 0.14 | 61 | Oil & Gas | PHSP.L vs BRNT.L | |
| WisdomTree Soybean Oil | -0.01 | 0.09 | 0.13 | 78 | Agricultural Commodities | PHSP.L vs SOYO.L | |
| iShares S&P SmallCap 600 UCITS ETF | 0.09 | 0.09 | 0.09 | 70 | Small Cap Blend Equities | PHSP.L vs ISP6.L | |
| WisdomTree US Quality Dividend Growth UCITS ETF - ... | 0.09 | 0.03 | 0.02 | 72 | Large Cap Blend Equities, Dividend | PHSP.L vs DGRP.L |
See all 46 diversifiers for PHSP.L
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Diversification Analysis
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