Looking to diversify beyond SPXP.L? The ETFs below have the lowest correlation with SPXP.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 SPXP.L.
Best Diversifiers for SPXP.L
4 ETFs have low correlation with SPXP.L (below 0.3), 2 of which are negatively correlated. The least correlated is Invesco US Treasury Bond 0-1 Year UCITS ETF GBP Hedged Dist (TIGB.L) (Short-Term Bond) with a 1Y correlation of -0.07, roughly unchanged from -0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco US Treasury Bond 0-1 Year UCITS ETF GBP He... | -0.07 | -0.09 | -0.08 | 98 | Short-Term Bond | SPXP.L vs TIGB.L | |
| Invesco USD AAA CLO UCITS ETF Acc | -0.06 | — | — | 97 | CLO, Bank Loan | SPXP.L vs ICLU.L | |
| iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) | 0.19 | 0.24 | 0.15 | 100 | Government Bonds, Ultrashort Bond | SPXP.L vs IB01.L | |
| VanEck Morningstar Developed Markets Dividend Lead... | 0.26 | 0.36 | 0.50 | 93 | Global Equities, Dividend | SPXP.L vs TDGB.L | |
| Invesco S&P China A 300 Swap UCITS ETF Acc | 0.33 | 0.22 | — | 90 | China Equities | SPXP.L vs C300.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SPXP.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SPXP.L and solid risk/return profiles. The least correlated is Coca Cola HBC AG (CCH.L) (Consumer Defensive) with a 1Y correlation of -0.02, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Coca Cola HBC AG | -0.02 | 0.06 | 0.18 | 73 | Consumer Defensive | |
| JP Morgan Global Growth & Income plc | 0.68 | 0.73 | 0.70 | 77 | Financial Services |
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