Looking to diversify beyond SPX5.L? The ETFs below have the lowest correlation with SPX5.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 SPX5.L.
Best Diversifiers for SPX5.L
11 ETFs have low correlation with SPX5.L (below 0.3), 6 of which are negatively correlated. The least correlated is SPDR MSCI Europe Energy UCITS ETF (ENGE.L) (Energy Equities) with a 1Y correlation of -0.12, down from 0.12 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR MSCI Europe Energy UCITS ETF | -0.12 | 0.12 | — | 78 | Energy Equities | SPX5.L vs ENGE.L | |
| State Street SPDR S&P U.S. Energy Select Sector UC... | -0.10 | 0.17 | 0.29 | 60 | Energy Equities | SPX5.L vs SXLE.L | |
| iShares S&P 500 Energy Sector UCITS ETF USD (Acc) | -0.09 | 0.17 | 0.28 | 60 | Energy Equities, S&P 500 | SPX5.L vs IUES.L | |
| SPDR® MSCI Europe Energy UCITS ETF | -0.07 | 0.13 | 0.21 | 74 | Energy Equities | SPX5.L vs ENGY.L | |
| SPDR S&P US Energy Select Sector UCITS ETF | -0.05 | 0.23 | — | 56 | Energy Equities | SPX5.L vs GXLE.L |
See all 97 diversifiers for SPX5.L
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