Looking to diversify beyond SPMD.L? The ETFs below have the lowest correlation with SPMD.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 SPMD.L.
Best Diversifiers for SPMD.L
2 ETFs have low correlation with SPMD.L (below 0.3), 1 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 -0.02, down from 0.26 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) | -0.02 | 0.19 | 0.26 | 57 | Energy Equities, S&P 500 | SPMD.L vs IUES.L | |
| iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) | 0.03 | 0.04 | 0.06 | 100 | Government Bonds, Ultrashort Bond | SPMD.L vs IB01.L | |
| iShares S&P 500 Information Technology Sector UCIT... | 0.42 | 0.52 | 0.58 | 73 | Technology Equities, S&P 500 | SPMD.L vs IITU.L | |
| iShares S&P 500 GBP Hedged UCITS ETF | 0.47 | 0.56 | 0.60 | 70 | S&P 500 | SPMD.L vs IGUS.L | |
| Xtrackers S&P 500 Equal Weight UCITS ETF 1D GBP He... | 0.49 | 0.54 | — | 60 | S&P 500 | SPMD.L vs XEWG.L |
See all 67 diversifiers for SPMD.L
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Diversification Analysis
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