Looking to diversify beyond SOYO.L? The ETFs below have the lowest correlation with SOYO.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 SOYO.L.
Best Diversifiers for SOYO.L
4 ETFs have low correlation with SOYO.L (below 0.3), 3 of which are negatively correlated. The least correlated is WisdomTree S&P 500 3x Daily Leveraged GB (3USL.L) (Leveraged Equities) with a 1Y correlation of -0.06, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree S&P 500 3x Daily Leveraged GB | -0.06 | 0.07 | 0.13 | 65 | Leveraged Equities, S&P 500 | SOYO.L vs 3USL.L | |
| WisdomTree NASDAQ 100 3x Daily Leveraged | -0.02 | 0.07 | 0.09 | 69 | Nasdaq-100, Leveraged Equities | SOYO.L vs QQQ3.L | |
| WisdomTree Physical Silver | -0.01 | 0.09 | 0.13 | 56 | Silver, Precious Metals | SOYO.L vs PHSP.L | |
| WisdomTree Artificial Intelligence UCITS ETF - USD... | 0.02 | 0.08 | 0.07 | 91 | Technology Equities | SOYO.L vs INTL.L |
Diversification Analysis
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