Looking to diversify beyond TELE.L? The ETFs below have the lowest correlation with TELE.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 TELE.L.
Best Diversifiers for TELE.L
11 ETFs have low correlation with TELE.L (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco S&P 500 QVM UCITS ETF (PQVG.L) (S&P 500) with a 1Y correlation of 0.12, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco S&P 500 QVM UCITS ETF | 0.12 | 0.22 | 0.32 | 70 | S&P 500, Large Cap Value Equities | TELE.L vs PQVG.L | |
| SPDR S&P 500 UCITS ETF | 0.15 | 0.24 | 0.37 | 76 | S&P 500 | TELE.L vs SPX5.L | |
| State Street SPDR S&P 500 UCITS ETF (Dist) | 0.15 | 0.27 | 0.39 | 70 | S&P 500 | TELE.L vs SPY5.L | |
| SPDR S&P 500 UCITS ETF USD Acc | 0.15 | — | — | 70 | S&P 500 | TELE.L vs SPYL.L | |
| SPDR MSCI All Country World UCITS ETF | 0.16 | 0.32 | 0.45 | 70 | Global Equities | TELE.L vs ACWD.L |
See all 13 diversifiers for TELE.L
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