Looking to diversify beyond QQQ5.L? The ETFs below have the lowest correlation with QQQ5.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 QQQ5.L.
Best Diversifiers for QQQ5.L
2 ETFs have low correlation with QQQ5.L (below 0.3), 2 of which are negatively correlated. The least correlated is Leverage Shares 3x Long Oil & Gas ETP Securities GBP (3XLE.L) (Leveraged Equities) with a 1Y correlation of -0.21, down from 0.03 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leverage Shares 3x Long Oil & Gas ETP Securities G... | -0.21 | 0.03 | — | 56 | Leveraged Equities | QQQ5.L vs 3XLE.L | |
| Leverage Shares 3x BP ETP GBX | -0.20 | 0.01 | — | 61 | Leveraged Equities | QQQ5.L vs 3BP.L | |
| Leverage Shares 2x Alphabet ETC A GBP | 0.41 | 0.54 | 0.64 | 95 | Leveraged Equities | QQQ5.L vs 2GOO.L | |
| Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP | 0.42 | 0.49 | — | 71 | Nasdaq-100, Options Trading | QQQ5.L vs QYLP.L | |
| Leverage Shares 3x Alphabet ETC GBP | 0.42 | 0.54 | — | 96 | Leveraged Equities | QQQ5.L vs 3GOO.L |
See all 38 diversifiers for QQQ5.L
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