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
8 ETFs have low correlation with TELE.L (below 0.3), 0 of which are negatively correlated. The least correlated is iShares S&P 500 Information Technology Sector UCITS ETF USD (Acc) (IITU.L) (Technology Equities) with a 1Y correlation of 0.06, roughly unchanged from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P 500 Information Technology Sector UCIT... | 0.06 | 0.06 | 0.15 | 70 | Technology Equities, S&P 500 | TELE.L vs IITU.L | |
| SPDR MSCI USA Small Cap Value Weighted UCITS ETF | 0.20 | 0.17 | 0.27 | 75 | Small Cap Value Equities | TELE.L vs USSC.L | |
| SPDR S&P 500 UCITS ETF | 0.20 | 0.14 | 0.23 | 83 | S&P 500 | TELE.L vs SPX5.L | |
| SPDR MSCI ACWI UCITS ETF | 0.27 | 0.25 | 0.32 | 86 | Global Equities | TELE.L vs ACWI.L | |
| SPDR MSCI World UCITS ETF | 0.27 | 0.20 | 0.28 | 83 | Global Equities | TELE.L vs SWLD.L |
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