Looking to diversify beyond PRIP.L? The ETFs below have the lowest correlation with PRIP.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 PRIP.L.
Best Diversifiers for PRIP.L
8 ETFs have low correlation with PRIP.L (below 0.3), 1 of which are negatively correlated. The least correlated is iShares USD Floating Rate Bond UCITS ETF USD (Acc) (FLOA.L) (Corporate Bonds) with a 1Y correlation of -0.01, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares USD Floating Rate Bond UCITS ETF USD (Acc) | -0.01 | 0.01 | 0.01 | 97 | Corporate Bonds | PRIP.L vs FLOA.L | |
| Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc | 0.03 | -0.07 | -0.16 | 77 | Financials Equities | PRIP.L vs BNKE.L | |
| Amundi Smart Overnight Return UCITS ETF GBP Hedged... | 0.05 | 0.03 | 0.01 | 99 | Money Market | PRIP.L vs CSH2.L | |
| Invesco USD AT1 CoCo Bond UCITS ETF GBP Hedged Dis... | 0.06 | 0.10 | -0.03 | 55 | Preferred Stock/Convertible Bonds, Corporate Bonds, High Yield Bonds | PRIP.L vs AT1S.L | |
| Amundi FTSE 100 UCITS ETF | 0.13 | 0.12 | -0.03 | 66 | Europe Equities | PRIP.L vs 100D.L |
See all 17 diversifiers for PRIP.L
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