Looking to diversify beyond XCO2.L? The ETFs below have the lowest correlation with XCO2.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 XCO2.L.
Best Diversifiers for XCO2.L
10 ETFs have low correlation with XCO2.L (below 0.3), 0 of which are negatively correlated. The least correlated is Amundi Smart Overnight Return UCITS ETF GBP Hedged Acc (CSH2.L) (Money Market) with a 1Y correlation of 0.08, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Amundi Smart Overnight Return UCITS ETF GBP Hedged... | 0.08 | 0.03 | 0.02 | 99 | Money Market | XCO2.L vs CSH2.L | |
| Amundi FTSE 100 UCITS ETF | 0.18 | 0.12 | 0.02 | 66 | Europe Equities | XCO2.L vs 100D.L | |
| Amundi Nasdaq-100 UCITS USD | 0.18 | 0.10 | 0.08 | 61 | Nasdaq-100 | XCO2.L vs ANXU.L | |
| Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc | 0.18 | 0.05 | -0.02 | 77 | Financials Equities | XCO2.L vs BNKE.L | |
| Lyxor S&P 500 UCITS ETF - Acc | 0.24 | 0.18 | 0.14 | 72 | S&P 500 | XCO2.L vs SP5L.L |
See all 11 diversifiers for XCO2.L
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