Looking to diversify beyond SPXS.MI? The ETFs below have the lowest correlation with SPXS.MI — 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 SPXS.MI.
Best Diversifiers for SPXS.MI
0 ETFs have low correlation with SPXS.MI (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco EQQQ NASDAQ-100 UCITS ETF Acc (EQAC.MI) (Nasdaq-100) with a 1Y correlation of 0.93, roughly unchanged from 0.92 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco EQQQ NASDAQ-100 UCITS ETF Acc | 0.93 | 0.92 | 0.92 | 73 | Nasdaq-100 | SPXS.MI vs EQAC.MI | |
| Vanguard S&P 500 UCITS ETF | 0.99 | 0.99 | 1.00 | 70 | S&P 500 | SPXS.MI vs VUSA.MI | |
| SPDR S&P 500 UCITS ETF | 0.99 | 0.99 | 1.00 | 71 | S&P 500 | SPXS.MI vs SPY5.MI | |
| iShares Core S&P 500 UCITS ETF USD Dist | 0.99 | 0.99 | 0.99 | 70 | S&P 500 | SPXS.MI vs IUSA.MI | |
| iShares Core S&P 500 UCITS ETF USD (Acc) | 0.99 | 0.99 | 0.99 | 70 | S&P 500 | SPXS.MI vs CSSPX.MI |
Diversification Analysis
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