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 Technology S&P US Select Sector UCITS ETF GBP Acc (XLKQ.L) (Technology Equities) with a 1Y correlation of 0.34, roughly unchanged from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Technology S&P US Select Sector UCITS ETF ... | 0.34 | 0.37 | 0.43 | 73 | Technology Equities | S400.L vs XLKQ.L | |
| Invesco EQQQ NASDAQ-100 UCITS ETF | 0.39 | 0.42 | 0.46 | 78 | Nasdaq-100 | S400.L vs EQQQ.L | |
| Invesco EQQQ NASDAQ-100 UCITS ETF | 0.40 | 0.41 | 0.45 | 75 | Nasdaq-100 | S400.L vs EQQU.L | |
| JPMorgan Japan Research Enhanced Index Equity (ESG... | 0.42 | 0.28 | — | 97 | Japan Equities | S400.L vs JRIE.L | |
| Invesco FTSE All-World UCITS ETF Acc | 0.43 | — | — | 86 | Global Equities | S400.L vs FWRG.L |
See all 41 diversifiers for S400.L
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