Looking to diversify beyond SOXL.L? The ETFs below have the lowest correlation with SOXL.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 SOXL.L.
Best Diversifiers for SOXL.L
5 ETFs have low correlation with SOXL.L (below 0.3), 2 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leverage Shares 3x Long Oil & Gas ETP Securities G... | -0.06 | — | — | 51 | Leveraged Equities | SOXL.L vs 3XLE.L | |
| Leverage Shares 3x BP ETP GBX | -0.05 | — | — | 58 | Leveraged Equities | SOXL.L vs 3BP.L | |
| Leverage Shares 3x Apple ETP Securities GBP | 0.27 | — | — | 59 | Leveraged Equities | SOXL.L vs 3AAP.L | |
| Leverage Shares 3x Apple ETC EUR | 0.29 | — | — | 65 | Leveraged Equities | SOXL.L vs 3APE.L | |
| Leverage Shares 2x Alphabet ETC A GBP | 0.30 | — | — | 94 | Leveraged Equities | SOXL.L vs 2GOO.L |
See all 31 diversifiers for SOXL.L
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