Looking to diversify beyond PSRM.L? The ETFs below have the lowest correlation with PSRM.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 PSRM.L.
Best Diversifiers for PSRM.L
0 ETFs have low correlation with PSRM.L (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco FTSE RAFI Europe UCITS ETF (PSRE.L) (Europe Equities) with a 1Y correlation of 0.45, roughly unchanged from 0.51 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco FTSE RAFI Europe UCITS ETF | 0.45 | 0.51 | 0.51 | 62 | Europe Equities | PSRM.L vs PSRE.L | |
| Invesco FTSE All-World UCITS ETF Acc | 0.50 | — | — | 86 | Global Equities | PSRM.L vs FWRG.L | |
| Invesco S&P 500 UCITS ETF | 0.52 | 0.46 | 0.45 | 83 | S&P 500 | PSRM.L vs SPXP.L | |
| Invesco Technology S&P US Select Sector UCITS ETF ... | 0.55 | 0.43 | 0.43 | 73 | Technology Equities | PSRM.L vs XLKQ.L | |
| Invesco FTSE Emerging Markets High Dividend Low Vo... | 0.56 | 0.70 | 0.71 | 63 | Emerging Markets Equities | PSRM.L vs EMHD.L |
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