Looking to diversify beyond SLXX.L? The ETFs below have the lowest correlation with SLXX.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 SLXX.L.
Best Diversifiers for SLXX.L
6 ETFs have low correlation with SLXX.L (below 0.3), 2 of which are negatively correlated. The least correlated is iShares USD Ultrashort Bond UCITS ETF USD (Acc) (ERNA.L) (Corporate Bonds) with a 1Y correlation of -0.18, roughly unchanged from -0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares USD Ultrashort Bond UCITS ETF USD (Acc) | -0.18 | -0.13 | -0.11 | 97 | Corporate Bonds | SLXX.L vs ERNA.L | |
| iShares USD Floating Rate Bond UCITS ETF USD (Acc) | -0.03 | 0.03 | 0.05 | 97 | Corporate Bonds | SLXX.L vs FLOA.L | |
| iShares S&P 500 Information Technology Sector UCIT... | 0.12 | 0.09 | 0.10 | 58 | Technology Equities, S&P 500 | SLXX.L vs IITU.L | |
| iShares S&P 500 Information Technology Sector UCIT... | 0.23 | 0.21 | 0.28 | 50 | Technology Equities, S&P 500 | SLXX.L vs IUIT.L | |
| iShares Core S&P 500 UCITS ETF | 0.23 | 0.19 | 0.15 | 82 | S&P 500 | SLXX.L vs CSP1.L |
See all 15 diversifiers for SLXX.L
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