Looking to diversify beyond XGLE.L? The ETFs below have the lowest correlation with XGLE.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 XGLE.L.
Best Diversifiers for XGLE.L
11 ETFs have low correlation with XGLE.L (below 0.3), 3 of which are negatively correlated. The least correlated is UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-acc (UC15.L) (Commodities) with a 1Y correlation of -0.41, down from -0.18 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| UBS ETF (IE) CMCI Composite SF UCITS ETF (USD) A-a... | -0.41 | -0.23 | -0.18 | 67 | Commodities | XGLE.L vs UC15.L | |
| SPDR MSCI Europe Energy UCITS ETF | -0.28 | -0.18 | -0.17 | 50 | Energy Equities | XGLE.L vs ENGE.L | |
| Xtrackers Bloomberg Commodity ex-Agriculture & Liv... | -0.26 | -0.14 | -0.11 | 51 | Commodities | XGLE.L vs XBCU.L | |
| Xtrackers MSCI USA Banks UCITS ETF 1D | 0.10 | 0.07 | -0.05 | 53 | Financials Equities | XGLE.L vs XUFB.L | |
| Invesco EQQQ NASDAQ-100 UCITS ETF | 0.18 | 0.09 | 0.08 | 76 | Nasdaq-100 | XGLE.L vs EQQQ.L |
See all 17 diversifiers for XGLE.L
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