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 | 0.27 | — | — | 81 | Derivative Income | SOXL.L vs GOOI.L | |
| Leverage Shares 3x Apple ETC EUR | 0.27 | 0.36 | 0.36 | 63 | Leveraged Equities | SOXL.L vs 3APE.L | |
| IncomeShares Alphabet (GOOG) Options ETP GBP | 0.28 | — | — | 58 | Derivative Income | SOXL.L vs GOOO.L | |
| Leverage Shares 3x Alphabet ETP Scs | 0.29 | — | — | 95 | Leveraged Equities | SOXL.L vs 3GOE.L | |
| Leverage Shares 3x Alphabet ETC GBP | 0.29 | — | — | 95 | Leveraged Equities | SOXL.L vs 3GOO.L |
See all 23 diversifiers for SOXL.L
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements SOXL.L
Add SOXL.L to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SOXL.L