Looking to diversify beyond SPEX.L? The ETFs below have the lowest correlation with SPEX.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 SPEX.L.
Best Diversifiers for SPEX.L
1 ETFs have low correlation with SPEX.L (below 0.3), 0 of which are negatively correlated. The least correlated is iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IUES.L) (Energy Equities) with a 1Y correlation of 0.15, down from 0.43 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P 500 Energy Sector UCITS ETF USD (Acc) | 0.15 | 0.40 | 0.43 | 60 | Energy Equities, S&P 500 | SPEX.L vs IUES.L | |
| iShares S&P 500 Information Technology Sector UCIT... | 0.33 | 0.41 | 0.55 | 70 | Technology Equities, S&P 500 | SPEX.L vs IITU.L | |
| Invesco European Banks Sector UCITS ETF | 0.34 | 0.37 | 0.42 | 56 | Financials Equities | SPEX.L vs X7PP.L | |
| Invesco Technology S&P US Select Sector UCITS ETF ... | 0.34 | 0.42 | 0.56 | 73 | Technology Equities | SPEX.L vs XLKQ.L | |
| iShares S&P 500 Information Technology Sector UCIT... | 0.35 | 0.41 | 0.54 | 68 | Technology Equities, S&P 500 | SPEX.L vs IUIT.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPEX.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPEX.L and solid risk/return profiles. The least correlated is JP Morgan Global Growth & Income plc (JGGI.L) (Financial Services) with a 1Y correlation of 0.53, down from 0.64 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| JP Morgan Global Growth & Income plc | 0.53 | 0.61 | 0.64 | 76 | Financial Services |
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