Looking to diversify beyond S7XP.L? The ETFs below have the lowest correlation with S7XP.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 S7XP.L.
Best Diversifiers for S7XP.L
0 ETFs have low correlation with S7XP.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 0.36, up from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco EQQQ NASDAQ-100 UCITS ETF | 0.36 | 0.22 | 0.25 | 78 | Nasdaq-100 | S7XP.L vs EQQQ.L | |
| Invesco Technology S&P US Select Sector UCITS ETF ... | 0.39 | 0.27 | 0.29 | 73 | Technology Equities | S7XP.L vs XLKQ.L | |
| Invesco EQQQ NASDAQ-100 UCITS ETF | 0.43 | 0.30 | 0.31 | 75 | Nasdaq-100 | S7XP.L vs EQQU.L | |
| Franklin European Quality Dividend UCITS ETF | 0.44 | 0.48 | 0.53 | 80 | Europe Equities | S7XP.L vs FLXD.L | |
| Invesco S&P 500 UCITS ETF | 0.44 | 0.31 | 0.36 | 83 | S&P 500 | S7XP.L vs SPXP.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from S7XP.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to S7XP.L and solid risk/return profiles. The least correlated is Coca Cola HBC AG (CCH.L) (Consumer Defensive) with a 1Y correlation of 0.21, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Coca Cola HBC AG | 0.21 | 0.20 | 0.26 | 54 | Consumer Defensive |
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