Looking to diversify beyond XLBS.L? The ETFs below have the lowest correlation with XLBS.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 XLBS.L.
Best Diversifiers for XLBS.L
3 ETFs have low correlation with XLBS.L (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Technology S&P US Select Sector UCITS ETF GBP Acc (XLKQ.L) (Technology Equities) with a 1Y correlation of 0.23, down from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Technology S&P US Select Sector UCITS ETF ... | 0.23 | 0.33 | 0.47 | 73 | Technology Equities | XLBS.L vs XLKQ.L | |
| Invesco EQQQ NASDAQ-100 UCITS ETF | 0.28 | 0.35 | 0.44 | 78 | Nasdaq-100 | XLBS.L vs EQQQ.L | |
| VanEck Space Innovators UCITS ETF | 0.30 | 0.40 | — | 95 | Industrials Equities | XLBS.L vs JEDG.L | |
| Invesco EQQQ NASDAQ-100 UCITS ETF | 0.39 | 0.45 | 0.55 | 75 | Nasdaq-100 | XLBS.L vs EQQU.L | |
| Invesco S&P 500 UCITS ETF | 0.41 | 0.51 | 0.60 | 83 | S&P 500 | XLBS.L vs SPXP.L |
See all 12 diversifiers for XLBS.L
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