Looking to diversify beyond TP05.L? The ETFs below have historically moved differently from TP05.L, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for TP05.L
15 ETFs have low correlation with TP05.L (below 0.3), 7 of which are negatively correlated. The least correlated is iShares Core MSCI EM IMI UCITS ETF (EIMI.L) (Emerging Markets Equities) with a 1Y correlation of -0.17, roughly unchanged from -0.12 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core MSCI EM IMI UCITS ETF | -0.17 | -0.14 | -0.12 | 57 | Emerging Markets Equities | TP05.L vs EIMI.L | |
| iShares $ TIPS 0-5 UCITS ETF GBP Hedged (Dist) | -0.10 | -0.01 | 0.01 | 59 | Inflation-Protected Bonds | TP05.L vs TI5G.L | |
| iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | -0.09 | -0.06 | -0.05 | 99 | Ultrashort Bond | TP05.L vs ERNS.L | |
| iShares MSCI World Small Cap UCITS ETF | -0.07 | -0.08 | -0.10 | 82 | Small Cap Blend Equities | TP05.L vs WLDS.L | |
| iShares Edge MSCI World Value Factor UCITS ETF | -0.06 | -0.05 | -0.06 | 97 | Global Equities | TP05.L vs IWFV.L |
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Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for TP05.L, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is Blackrock World Mining Trust plc (BRWM.L) (Financial Services) with a 1Y correlation of -0.36, roughly unchanged from -0.26 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Blackrock World Mining Trust plc | -0.36 | -0.27 | -0.26 | 84 | Financial Services |
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