Looking to diversify beyond XLCP.L? The ETFs below have the lowest correlation with XLCP.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 XLCP.L.
Best Diversifiers for XLCP.L
2 ETFs have low correlation with XLCP.L (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco European Banks Sector UCITS ETF (X7PP.L) (Financials Equities) with a 1Y correlation of 0.24, roughly unchanged from 0.27 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco European Banks Sector UCITS ETF | 0.24 | 0.20 | 0.27 | 56 | Financials Equities | XLCP.L vs X7PP.L | |
| iShares S&P 500 Information Technology Sector UCIT... | 0.29 | 0.51 | 0.61 | 70 | Technology Equities, S&P 500 | XLCP.L vs IITU.L | |
| Invesco Technology S&P US Select Sector UCITS ETF ... | 0.31 | 0.52 | 0.62 | 73 | Technology Equities | XLCP.L vs XLKQ.L | |
| Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc | 0.33 | 0.52 | 0.62 | 73 | Nasdaq-100 | XLCP.L vs EQGB.L | |
| Invesco FTSE All-World UCITS ETF Acc | 0.41 | 0.53 | 0.53 | 86 | Global Equities | XLCP.L vs FWRG.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XLCP.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XLCP.L and solid risk/return profiles. The least correlated is 3I Infrastructure plc (3IN.L) (Financial Services) with a 1Y correlation of 0.12, roughly unchanged from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| 3I Infrastructure plc | 0.12 | 0.14 | 0.14 | 64 | Financial Services |
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