Looking to diversify beyond S400.L? The ETFs below have the lowest correlation with S400.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 S400.L.
Best Diversifiers for S400.L
0 ETFs have low correlation with S400.L (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.L) (Nasdaq-100) with a 1Y correlation of 0.44, roughly unchanged from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco EQQQ NASDAQ-100 UCITS ETF | 0.44 | 0.42 | 0.47 | 51 | Nasdaq-100 | S400.L vs EQQQ.L | |
| Invesco FTSE All-World UCITS ETF Acc | 0.50 | 0.45 | — | 75 | Global Equities | S400.L vs FWRG.L | |
| Invesco European Banks Sector UCITS ETF | 0.51 | 0.42 | 0.38 | 78 | Financials Equities | S400.L vs X7PP.L | |
| Invesco EQQQ NASDAQ-100 UCITS ETF | 0.52 | 0.47 | 0.52 | 51 | Nasdaq-100 | S400.L vs EQQU.L | |
| Invesco Dow Jones Islamic Global Developed Markets... | 0.60 | 0.54 | 0.59 | 61 | Global Equities | S400.L vs IGDA.L |
See all 48 diversifiers for S400.L
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