Looking to diversify beyond XDEM.L? The ETFs below have the lowest correlation with XDEM.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 XDEM.L.
Best Diversifiers for XDEM.L
5 ETFs have low correlation with XDEM.L (below 0.3), 3 of which are negatively correlated. The least correlated is Invesco Bloomberg Commodity UCITS ETF Acc (CMOP.L) (Commodities) with a 1Y correlation of -0.10, down from 0.16 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Bloomberg Commodity UCITS ETF Acc | -0.10 | 0.06 | 0.16 | 68 | Commodities | XDEM.L vs CMOP.L | |
| iShares $ TIPS 0-5 UCITS ETF GBP Hedged (Dist) | -0.06 | -0.06 | -0.01 | 64 | Inflation-Protected Bonds | XDEM.L vs TI5G.L | |
| Lyxor Smart Overnight Return UCITS ETF C-GBP | -0.01 | -0.04 | -0.02 | 99 | Money Market | XDEM.L vs CSH2.L | |
| Xtrackers Bloomberg Commodity ex-Agriculture & Liv... | 0.05 | 0.14 | 0.26 | 77 | Commodities | XDEM.L vs XBCU.L | |
| VanEck Morningstar Developed Markets Dividend Lead... | 0.26 | 0.35 | 0.48 | 87 | Global Equities, Dividend | XDEM.L vs TDGB.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XDEM.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XDEM.L and solid risk/return profiles. The least correlated is Blackrock World Mining Trust plc (BRWM.L) (Financial Services) with a 1Y correlation of 0.45, roughly unchanged from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Blackrock World Mining Trust plc | 0.45 | 0.38 | 0.39 | 92 | Financial Services | |
| JP Morgan Global Growth & Income plc | 0.61 | 0.71 | 0.66 | 76 | Financial Services |
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