Looking to diversify beyond PQVG.L? The ETFs below have the lowest correlation with PQVG.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 PQVG.L.
Best Diversifiers for PQVG.L
4 ETFs have low correlation with PQVG.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 -0.00, down from 0.48 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) | -0.00 | 0.30 | 0.48 | 57 | Energy Equities, S&P 500 | PQVG.L vs IUES.L | |
| SPDR MSCI Europe Utilities UCITS ETF | 0.22 | 0.11 | 0.21 | 58 | Utilities Equities | PQVG.L vs UTIL.L | |
| Invesco European Banks Sector UCITS ETF | 0.29 | 0.27 | 0.35 | 52 | Financials Equities | PQVG.L vs X7PP.L | |
| Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc | 0.29 | 0.45 | 0.44 | 73 | Nasdaq-100 | PQVG.L vs EQGB.L | |
| Invesco Technology S&P US Select Sector UCITS ETF ... | 0.32 | 0.52 | 0.52 | 75 | Technology Equities | PQVG.L vs XLKQ.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from PQVG.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to PQVG.L and solid risk/return profiles. The least correlated is Coca Cola HBC AG (CCH.L) (Consumer Defensive) with a 1Y correlation of 0.23, roughly unchanged from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Coca Cola HBC AG | 0.23 | 0.15 | 0.20 | 52 | Consumer Defensive |
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