Looking to diversify beyond XDEQ.L? The ETFs below have the lowest correlation with XDEQ.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 XDEQ.L.
Best Diversifiers for XDEQ.L
15 ETFs have low correlation with XDEQ.L (below 0.3), 7 of which are negatively correlated. The least correlated is WisdomTree Enhanced Commodity UCITS ETF USD Acc (WCOB.L) (Commodities) with a 1Y correlation of -0.13, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Enhanced Commodity UCITS ETF USD Acc | -0.13 | 0.09 | 0.13 | 81 | Commodities | XDEQ.L vs WCOB.L | |
| Xtrackers Bloomberg Commodity ex-Agriculture & Liv... | -0.13 | 0.03 | 0.09 | 76 | Commodities | XDEQ.L vs XDBG.L | |
| iShares MSCI Europe Energy Sector UCITS ETF EUR (A... | -0.11 | 0.14 | 0.20 | 78 | Energy Equities | XDEQ.L vs ESIE.L | |
| iShares $ TIPS 0-5 UCITS ETF GBP Hedged (Dist) | -0.09 | -0.06 | -0.01 | 65 | Inflation-Protected Bonds | XDEQ.L vs TI5G.L | |
| Xtrackers MSCI USA Energy UCITS ETF 1D | -0.06 | 0.21 | 0.27 | 54 | Energy Equities | XDEQ.L vs XSEN.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XDEQ.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XDEQ.L and solid risk/return profiles. The least correlated is BH Macro Limited (BHMG.L) (Financial Services) with a 1Y correlation of 0.04, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BH Macro Limited | 0.04 | 0.05 | 0.06 | 63 | Financial Services |
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