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
0 ETFs have low correlation with XLBS.L (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco EQQQ NASDAQ-100 UCITS ETF (EQQQ.L) (Nasdaq-100) with a 1Y correlation of 0.33, down from 0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco EQQQ NASDAQ-100 UCITS ETF | 0.33 | 0.41 | 0.52 | 51 | Nasdaq-100 | XLBS.L vs EQQQ.L | |
| Invesco EQQQ NASDAQ-100 UCITS ETF | 0.38 | 0.46 | 0.56 | 51 | Nasdaq-100 | XLBS.L vs EQQU.L | |
| Invesco FTSE All-World UCITS ETF Acc | 0.43 | 0.49 | — | 75 | Global Equities | XLBS.L vs FWRG.L | |
| Vanguard FTSE Japan UCITS ETF USD Hedged Acc | 0.48 | 0.43 | 0.50 | 89 | Japan Equities, Asia Pacific Equities | XLBS.L vs VJPU.L | |
| Invesco Dow Jones Islamic Global Developed Markets... | 0.50 | 0.58 | — | 61 | Global Equities | XLBS.L vs IGDA.L |
See all 15 diversifiers for XLBS.L
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