Looking to diversify beyond TPSA.AS? The ETFs below have the lowest correlation with TPSA.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 TPSA.AS.
Best Diversifiers for TPSA.AS
5 ETFs have low correlation with TPSA.AS (below 0.3), 1 of which are negatively correlated. The least correlated is iShares Euro Dividend UCITS ETF (IDVY.AS) (Europe Equities) with a 1Y correlation of -0.10, roughly unchanged from -0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Euro Dividend UCITS ETF | -0.10 | -0.12 | -0.17 | 52 | Europe Equities | TPSA.AS vs IDVY.AS | |
| iShares World Equity High Income UCITS ETF USD Inc | 0.13 | 0.12 | 0.12 | 75 | Global Equity Income | TPSA.AS vs WINC.AS | |
| iShares Core MSCI World UCITS ETF USD (Acc) | 0.14 | 0.17 | 0.08 | 71 | Global Equities | TPSA.AS vs IWDA.AS | |
| iShares NASDAQ 100 UCITS ETF | 0.18 | 0.15 | 0.09 | 71 | Nasdaq-100 | TPSA.AS vs CNDX.AS | |
| iShares Core S&P 500 UCITS ETF | 0.21 | 0.23 | 0.14 | 70 | S&P 500 | TPSA.AS vs CSPX.AS |
Diversification Analysis
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