Looking to diversify beyond WELP.L? The ETFs below have the lowest correlation with WELP.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 WELP.L.
Best Diversifiers for WELP.L
0 ETFs have low correlation with WELP.L (below 0.3), 0 of which are negatively correlated. The least correlated is Global X Genomics & Biotechnology UCITS ETF (GNOG.L) (Health & Biotech Equities) with a 1Y correlation of 0.69, down from 0.83 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Genomics & Biotechnology UCITS ETF | 0.69 | 0.77 | 0.83 | 62 | Health & Biotech Equities | WELP.L vs GNOG.L | |
| First Trust NYSE Arca Biotechnology UCITS ETF Acc | 0.73 | 0.54 | 0.54 | 56 | Health & Biotech Equities | WELP.L vs FBT.L | |
| WisdomTree BioRevolution UCITS ETF USD Acc | 0.73 | 0.79 | — | 61 | Health & Biotech Equities | WELP.L vs WBIO.L | |
| iShares Nasdaq US Biotechnology UCITS ETF USD (Dis... | 0.78 | 0.75 | 0.77 | 72 | Health & Biotech Equities | WELP.L vs BTEE.L | |
| Invesco Nasdaq Biotech UCITS ETF | 0.78 | 0.75 | 0.77 | 72 | Health & Biotech Equities | WELP.L vs SBIO.L |
See all 6 diversifiers for WELP.L
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