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), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| IncomeShares Alphabet (GOOG) Options ETP GBP | 0.22 | — | — | 51 | Derivative Income | SOXL.L vs GOOO.L | |
| Leverage Shares 3x Apple ETC EUR | 0.22 | — | — | 66 | Leveraged Equities | SOXL.L vs 3APE.L | |
| IncomeShares Alphabet (GOOG) Options ETP | 0.24 | — | — | 78 | Derivative Income | SOXL.L vs GOOI.L | |
| Leverage Shares 3x Alphabet ETP Scs | 0.26 | — | — | 94 | Leveraged Equities | SOXL.L vs 3GOE.L | |
| Leverage Shares 3x Alphabet ETC GBP | 0.28 | — | — | 95 | Leveraged Equities | SOXL.L vs 3GOO.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SOXL.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SOXL.L and solid risk/return profiles.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Greatland Gold plc | 0.18 | — | — | 76 | Basic Materials | |
| Fresnillo plc | 0.28 | 0.20 | 0.20 | 78 | Basic Materials |
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