Looking to diversify beyond SPYO.L? The ETFs below have the lowest correlation with SPYO.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 SPYO.L.
Best Diversifiers for SPYO.L
0 ETFs have low correlation with SPYO.L (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| IncomeShares Alphabet (GOOG) Options ETP | 0.31 | — | — | 77 | Derivative Income | SPYO.L vs GOOI.L | |
| IncomeShares Alphabet (GOOG) Options ETP GBP | 0.39 | — | — | 55 | Derivative Income | SPYO.L vs GOOO.L | |
| IncomeShares Nasdaq 100 Options (0DTE) ETP | 0.56 | — | — | 59 | Nasdaq-100, Derivative Income | SPYO.L vs QQQY.L | |
| JPMorgan Nasdaq Equity Premium Income Active UCITS... | 0.57 | — | — | 69 | Nasdaq-100, Derivative Income | SPYO.L vs JEPQ.L | |
| Leverage Shares 4x Long Semiconductors ETP Securit... | 0.57 | 0.56 | 0.56 | 96 | Leveraged Equities, Semiconductors | SPYO.L vs SOXL.L |
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