Looking to diversify beyond TP05.L? The ETFs below have the lowest correlation with TP05.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 TP05.L.
Best Diversifiers for TP05.L
12 ETFs have low correlation with TP05.L (below 0.3), 6 of which are negatively correlated. The least correlated is iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.L) (Global Equities) with a 1Y correlation of -0.17, roughly unchanged from -0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core MSCI World UCITS ETF USD (Acc) | -0.17 | -0.16 | -0.11 | 68 | Global Equities | TP05.L vs IWDA.L | |
| iShares MSCI ACWI UCITS ETF USD (Acc) | -0.16 | -0.15 | -0.10 | 73 | Global Equities | TP05.L vs ISAC.L | |
| iShares Core MSCI EM IMI UCITS ETF | -0.16 | -0.12 | -0.07 | 78 | Emerging Markets Equities | TP05.L vs EIMI.L | |
| iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | -0.12 | -0.09 | -0.06 | 98 | Ultrashort Bond | TP05.L vs ERNS.L | |
| iShares S&P 500 Information Technology Sector UCIT... | -0.12 | -0.13 | -0.10 | 68 | Technology Equities, S&P 500 | TP05.L vs IUIT.L |
See all 13 diversifiers for TP05.L
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Diversification Analysis
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