Looking to diversify beyond SHLG.L? The ETFs below have the lowest correlation with SHLG.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 SHLG.L.
Best Diversifiers for SHLG.L
0 ETFs have low correlation with SHLG.L (below 0.3), 0 of which are negatively correlated. The least correlated is KraneShares Electric Vehicles & Future Mobility ESG Screened UCITS ETF USD (KARP.L) (Technology Equities) with a 1Y correlation of 0.32, roughly unchanged from 0.37 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| KraneShares Electric Vehicles & Future Mobility ES... | 0.32 | 0.37 | — | 90 | Technology Equities | SHLG.L vs KARP.L | |
| Global X Data Center REITs & Digital Infrastructur... | 0.47 | 0.52 | — | 91 | Technology Equities | SHLG.L vs VPNG.L | |
| VanEck Semiconductor UCITS ETF | 0.50 | 0.60 | 0.65 | 97 | Semiconductors, Technology Equities | SHLG.L vs SMGB.L | |
| iShares Core MSCI EM IMI UCITS ETF | 0.50 | 0.50 | 0.55 | 78 | Emerging Markets Equities | SHLG.L vs EIMI.L | |
| HSBC Nasdaq Global Semiconductor UCITS ETF | 0.52 | 0.62 | — | 97 | Semiconductors, Technology Equities | SHLG.L vs HNSS.L |
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