Looking to diversify beyond STEA.L? The ETFs below have the lowest correlation with STEA.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 STEA.L.
Best Diversifiers for STEA.L
15 ETFs have low correlation with STEA.L (below 0.3), 2 of which are negatively correlated. The least correlated is PIMCO ETFs PLC - US Dollar Short Maturity UCITS ETF (MINT.L) (Global Equities) with a 1Y correlation of -0.26, roughly unchanged from -0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| PIMCO ETFs PLC - US Dollar Short Maturity UCITS ET... | -0.26 | -0.23 | -0.28 | 99 | Global Equities | STEA.L vs MINT.L | |
| Janus Henderson Haitong Asia ex-Japan High Yield C... | -0.15 | -0.09 | — | 69 | High Yield Bonds | STEA.L vs TAHY.L | |
| PIMCO Sterling Short Maturity UCITS ETF | 0.03 | 0.08 | 0.09 | 99 | Global Equities | STEA.L vs QUID.L | |
| JPMorgan Global High Yield Corporate Bond Multi-Fa... | 0.06 | 0.16 | 0.22 | 86 | High Yield Bonds | STEA.L vs JHYU.L | |
| iShares $ Short Duration High Yield Corp Bond UCI... | 0.07 | 0.17 | 0.21 | 79 | High Yield Bonds | STEA.L vs SDHY.L |
See all 18 diversifiers for STEA.L
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