Looking to diversify beyond PUIG.L? The ETFs below have the lowest correlation with PUIG.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 PUIG.L.
Best Diversifiers for PUIG.L
4 ETFs have low correlation with PUIG.L (below 0.3), 0 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 0.10, roughly unchanged from 0.07 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) | 0.10 | 0.08 | 0.07 | 97 | Corporate Bonds | PUIG.L vs FLOA.L | |
| iShares USD Ultrashort Bond UCITS ETF USD (Acc) | 0.15 | 0.09 | 0.12 | 98 | Corporate Bonds | PUIG.L vs ERNA.L | |
| Invesco Technology S&P US Select Sector UCITS ETF ... | 0.25 | 0.15 | 0.16 | 73 | Technology Equities | PUIG.L vs XLKQ.L | |
| Invesco EQQQ NASDAQ-100 UCITS ETF | 0.30 | 0.18 | 0.18 | 78 | Nasdaq-100 | PUIG.L vs EQQQ.L | |
| Invesco EQQQ NASDAQ-100 UCITS ETF | 0.33 | 0.20 | 0.20 | 75 | Nasdaq-100 | PUIG.L vs EQQU.L |
See all 13 diversifiers for PUIG.L
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