Looking to diversify beyond XDJP.L? The ETFs below have the lowest correlation with XDJP.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 XDJP.L.
Best Diversifiers for XDJP.L
12 ETFs have low correlation with XDJP.L (below 0.3), 3 of which are negatively correlated. The least correlated is Xtrackers MSCI USA Energy UCITS ETF 1D (XSEN.L) (Energy Equities) with a 1Y correlation of -0.19, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Xtrackers MSCI USA Energy UCITS ETF 1D | -0.19 | 0.07 | 0.14 | 54 | Energy Equities | XDJP.L vs XSEN.L | |
| Xtrackers MSCI World Energy UCITS ETF 1C | -0.09 | 0.16 | 0.25 | 73 | Energy Equities | XDJP.L vs XDW0.L | |
| Xtrackers II GBP Overnight Rate Swap UCITS ETF 1D | -0.07 | -0.06 | -0.01 | 77 | Money Market | XDJP.L vs XSTR.L | |
| Xtrackers Bloomberg Commodity ex-Agriculture & Liv... | 0.01 | 0.09 | 0.14 | 76 | Commodities | XDJP.L vs XDBG.L | |
| iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | 0.03 | 0.02 | 0.04 | 98 | Ultrashort Bond | XDJP.L vs ERNS.L |
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