Looking to diversify beyond SPY5.L? The ETFs below have the lowest correlation with SPY5.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 SPY5.L.
Best Diversifiers for SPY5.L
7 ETFs have low correlation with SPY5.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 -0.17, 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 | -0.17 | 0.12 | — | 78 | Energy Equities | SPY5.L vs ENGE.L | |
| iShares S&P 500 Energy Sector UCITS ETF USD (Acc) | -0.13 | 0.17 | 0.31 | 60 | Energy Equities, S&P 500 | SPY5.L vs IUES.L | |
| State Street SPDR S&P U.S. Energy Select Sector UC... | -0.12 | 0.18 | 0.31 | 60 | Energy Equities | SPY5.L vs SXLE.L | |
| SPDR® MSCI Europe Energy UCITS ETF | -0.11 | 0.13 | 0.21 | 74 | Energy Equities | SPY5.L vs ENGY.L | |
| SPDR MSCI World Energy UCITS ETF | -0.09 | 0.21 | — | 66 | Energy Equities | SPY5.L vs ENGW.L |
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