Looking to diversify beyond PPDX.L? The ETFs below have the lowest correlation with PPDX.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 PPDX.L.
Best Diversifiers for PPDX.L
3 ETFs have low correlation with PPDX.L (below 0.3), 0 of which are negatively correlated. The least correlated is WisdomTree US Quality Dividend Growth UCITS ETF USD Acc (DGRA.L) (Large Cap Blend Equities) with a 1Y correlation of 0.07, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree US Quality Dividend Growth UCITS ETF US... | 0.07 | 0.10 | 0.11 | 53 | Large Cap Blend Equities, Dividend | PPDX.L vs DGRA.L | |
| WisdomTree Artificial Intelligence UCITS ETF - USD... | 0.20 | 0.21 | 0.21 | 74 | Technology Equities | PPDX.L vs INTL.L | |
| WisdomTree S&P 500 3x Daily Leveraged GB | 0.21 | 0.21 | 0.22 | 52 | Leveraged Equities, S&P 500 | PPDX.L vs 3USL.L | |
| VanEck Rare Earth and Strategic Metals UCITS ETF A | 0.40 | 0.33 | 0.28 | 52 | Rare Earth & Strategic Metals | PPDX.L vs REGB.L |
Diversification Analysis
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