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
29 ETFs have low correlation with SPDM.L (below 0.3), 0 of which are negatively correlated. The least correlated is iShares S&P 500 Information Technology Sector UCITS ETF USD (Acc) (IITU.L) (Technology Equities) with a 1Y correlation of 0.14, roughly unchanged from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P 500 Information Technology Sector UCIT... | 0.14 | 0.13 | 0.16 | 73 | Technology Equities, S&P 500 | SPDM.L vs IITU.L | |
| Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc | 0.15 | 0.15 | 0.13 | 50 | Financials Equities | SPDM.L vs BNKE.L | |
| Vanguard S&P 500 UCITS ETF (USD) Accumulating | 0.15 | 0.16 | 0.19 | 80 | S&P 500 | SPDM.L vs VUAG.L | |
| iShares Core S&P 500 UCITS ETF | 0.16 | 0.17 | 0.19 | 80 | S&P 500 | SPDM.L vs CSP1.L | |
| iShares S&P 500 Information Technology Sector UCIT... | 0.16 | 0.14 | 0.15 | 71 | Technology Equities, S&P 500 | SPDM.L vs IUIT.L |
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