Looking to diversify beyond SPDM.L? The ETFs below have the lowest correlation with SPDM.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 SPDM.L.
Best Diversifiers for SPDM.L
31 ETFs have low correlation with SPDM.L (below 0.3), 0 of which are negatively correlated. The least correlated is UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc (UC15.L) (Commodities) with a 1Y correlation of 0.10, down from 0.25 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-a... | 0.10 | 0.18 | 0.25 | 77 | Commodities | SPDM.L vs UC15.L | |
| Vanguard S&P 500 UCITS ETF (USD) Accumulating | 0.15 | 0.16 | 0.18 | 69 | S&P 500 | SPDM.L vs VUAG.L | |
| iShares Core S&P 500 UCITS ETF | 0.16 | 0.17 | 0.20 | 69 | S&P 500 | SPDM.L vs CSP1.L | |
| iShares NASDAQ 100 UCITS ETF USD (Acc) | 0.18 | 0.17 | 0.18 | 51 | Nasdaq-100 | SPDM.L vs CNX1.L | |
| WisdomTree Enhanced Commodity UCITS ETF USD | 0.19 | 0.22 | 0.27 | 74 | Commodities | SPDM.L vs WCOG.L |
See all 36 diversifiers for SPDM.L
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Diversification Analysis
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