Looking to diversify beyond WDTE.L? The ETFs below have the lowest correlation with WDTE.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 WDTE.L.
Best Diversifiers for WDTE.L
0 ETFs have low correlation with WDTE.L (below 0.3), 0 of which are negatively correlated. The least correlated is KraneShares Electric Vehicles & Future Mobility ESG Screened UCITS ETF USD (KARP.L) (Technology Equities) with a 1Y correlation of 0.34, roughly unchanged from 0.31 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| KraneShares Electric Vehicles & Future Mobility ES... | 0.34 | 0.31 | — | 90 | Technology Equities | WDTE.L vs KARP.L | |
| Invesco European Banks Sector UCITS ETF | 0.47 | 0.38 | 0.38 | 56 | Financials Equities | WDTE.L vs X7PP.L | |
| HANetf Digital Infrastructure and Connectivity UCI... | 0.50 | 0.50 | — | 56 | Technology Equities | WDTE.L vs PIGI.L | |
| Global X Data Center REITs & Digital Infrastructur... | 0.58 | 0.52 | — | 91 | Technology Equities | WDTE.L vs VPNG.L | |
| iShares MSCI Europe Information Technology Sector ... | 0.65 | 0.69 | 0.69 | 81 | Technology Equities | WDTE.L vs ESIT.L |
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