Looking to diversify beyond QYLP.L? The ETFs below have the lowest correlation with QYLP.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 QYLP.L.
Best Diversifiers for QYLP.L
8 ETFs have low correlation with QYLP.L (below 0.3), 0 of which are negatively correlated. The least correlated is iShares UK Dividend UCITS ETF (IUKD.L) (Dividend) with a 1Y correlation of 0.04, roughly unchanged from 0.09 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares UK Dividend UCITS ETF | 0.04 | 0.09 | — | 69 | Dividend | QYLP.L vs IUKD.L | |
| VanEck Morningstar Developed Markets Dividend Lead... | 0.12 | 0.18 | — | 93 | Global Equities, Dividend | QYLP.L vs TDGB.L | |
| Vanguard FTSE 100 UCITS ETF (GBP) Accumulating | 0.12 | 0.20 | 0.21 | 66 | Europe Equities | QYLP.L vs VUKG.L | |
| Global X Copper Miners UCITS ETF USD Acc | 0.15 | 0.15 | — | 75 | Copper | QYLP.L vs COPG.L | |
| Global X Solar UCITS ETF USD Accumulating | 0.15 | 0.17 | — | 73 | Energy Equities | QYLP.L vs RAYG.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from QYLP.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to QYLP.L and solid risk/return profiles. The least correlated is Legal & General Group plc (LGEN.L) (Financial Services) with a 1Y correlation of 0.04, roughly unchanged from 0.11 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Legal & General Group plc | 0.04 | 0.11 | — | 72 | Financial Services | |
| The City of London Investment Trust plc | 0.08 | 0.15 | — | 81 | Financial Services |
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