Looking to diversify beyond SPPP.L? The ETFs below have the lowest correlation with SPPP.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 SPPP.L.
Best Diversifiers for SPPP.L
11 ETFs have low correlation with SPPP.L (below 0.3), 1 of which are negatively correlated. The least correlated is iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) (IB01.L) (Government Bonds) with a 1Y correlation of -0.16, roughly unchanged from -0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) | -0.16 | -0.11 | -0.12 | 100 | Government Bonds, Ultrashort Bond | SPPP.L vs IB01.L | |
| Invesco FTSE All-World UCITS ETF Acc | 0.13 | — | — | 86 | Global Equities | SPPP.L vs FWRG.L | |
| Invesco Technology S&P US Select Sector UCITS ETF ... | 0.14 | 0.12 | 0.10 | 73 | Technology Equities | SPPP.L vs XLKQ.L | |
| Invesco S&P 500 UCITS ETF | 0.16 | 0.14 | 0.12 | 83 | S&P 500 | SPPP.L vs SPXP.L | |
| iShares S&P 500 Information Technology Sector UCIT... | 0.16 | 0.11 | 0.10 | 68 | Technology Equities, S&P 500 | SPPP.L vs IUIT.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPPP.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPPP.L and solid risk/return profiles. The least correlated is Atalaya Mining Ltd (ATYM.L) (Basic Materials) with a 1Y correlation of 0.37, up from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Atalaya Mining Ltd | 0.37 | 0.28 | 0.21 | 82 | Basic Materials | |
| Greatland Gold plc | 0.43 | 0.21 | 0.18 | 87 | Basic Materials | |
| Fresnillo plc | 0.58 | 0.46 | 0.36 | 91 | Basic Materials |
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