Looking to diversify beyond XESE.L? The ETFs below have the lowest correlation with XESE.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 XESE.L.
Best Diversifiers for XESE.L
1 ETFs have low correlation with XESE.L (below 0.3), 1 of which are negatively correlated. The least correlated is iShares £ Ultrashort Bond UCITS ETF GBP (Dist) (ERNS.L) (Ultrashort Bond) with a 1Y correlation of -0.02, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | -0.02 | 0.03 | 0.03 | 99 | Ultrashort Bond | XESE.L vs ERNS.L | |
| iShares S&P 500 GBP Hedged UCITS ETF | 0.56 | 0.53 | 0.49 | 64 | S&P 500 | XESE.L vs IGUS.L | |
| Xtrackers MSCI World Quality Factor UCITS ETF 1C | 0.57 | 0.52 | 0.52 | 82 | Global Equities | XESE.L vs XDEQ.L | |
| Invesco FTSE EM High Dividend Low Volatility UCITS... | 0.58 | 0.66 | 0.62 | 74 | Emerging Markets Equities | XESE.L vs HDEM.L | |
| iShares Emerging Markets Dividend UCITS ETF | 0.59 | 0.70 | 0.68 | 75 | Emerging Markets Equities | XESE.L vs SEDY.L |
See all 26 diversifiers for XESE.L
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