Looking to diversify beyond SXLK.AS? The ETFs below have the lowest correlation with SXLK.AS — 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 SXLK.AS.
Best Diversifiers for SXLK.AS
2 ETFs have low correlation with SXLK.AS (below 0.3), 0 of which are negatively correlated. The least correlated is State Street SPDR MSCI World Utilities UCITS ETF (WUTI.AS) (Utilities Equities) with a 1Y correlation of 0.05, down from 0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR MSCI World Utilities UCITS ETF | 0.05 | 0.07 | 0.18 | 60 | Utilities Equities | SXLK.AS vs WUTI.AS | |
| SPDR Dow Jones Industrial Average ETF Trust | 0.17 | 0.29 | 0.45 | 87 | Large Cap Value Equities | SXLK.AS vs DIA.AS | |
| State Street SPDR MSCI World Materials UCITS ETF | 0.32 | 0.40 | 0.48 | 55 | Materials | SXLK.AS vs WMAT.AS | |
| State Street SPDR MSCI World Industrials UCITS ETF | 0.53 | 0.56 | 0.62 | 64 | Industrials Equities | SXLK.AS vs WIND.AS | |
| L&G ROBO Global Robotics and Automation UCITS ETF | 0.70 | 0.70 | 0.75 | 70 | Robotics, Technology Equities | SXLK.AS vs ROBO.AS |
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