Looking to diversify beyond PRIE.L? The ETFs below have the lowest correlation with PRIE.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 PRIE.L.
Best Diversifiers for PRIE.L
1 ETFs have low correlation with PRIE.L (below 0.3), 1 of which are negatively correlated. The least correlated is Lyxor Smart Overnight Return UCITS ETF C-GBP (CSH2.L) (Money Market) with a 1Y correlation of -0.05, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lyxor Smart Overnight Return UCITS ETF C-GBP | -0.05 | -0.04 | -0.02 | 99 | Money Market | PRIE.L vs CSH2.L | |
| JPMorgan Eurozone Research Enhanced Index Equity (... | 0.38 | 0.28 | 0.28 | 99 | Europe Equities | PRIE.L vs JRDZ.L | |
| Amundi Nasdaq-100 UCITS USD | 0.48 | 0.46 | 0.51 | 76 | Nasdaq-100 | PRIE.L vs ANXU.L | |
| Invesco EQQQ NASDAQ-100 UCITS ETF | 0.48 | 0.45 | 0.53 | 78 | Nasdaq-100 | PRIE.L vs EQQQ.L | |
| Amundi S&P 500 Swap UCITS ETF USD Acc | 0.51 | 0.50 | 0.59 | 82 | S&P 500 | PRIE.L vs 500G.L |
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