Looking to diversify beyond XLEP.L? The ETFs below have the lowest correlation with XLEP.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 XLEP.L.
Best Diversifiers for XLEP.L
27 ETFs have low correlation with XLEP.L (below 0.3), 25 of which are negatively correlated. The least correlated is Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc (EQGB.L) (Nasdaq-100) with a 1Y correlation of -0.24, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc | -0.24 | -0.02 | 0.07 | 73 | Nasdaq-100 | XLEP.L vs EQGB.L | |
| Invesco European Banks Sector UCITS ETF | -0.23 | 0.09 | 0.21 | 56 | Financials Equities | XLEP.L vs X7PP.L | |
| Invesco EQQQ NASDAQ-100 UCITS ETF | -0.18 | 0.05 | 0.14 | 75 | Nasdaq-100 | XLEP.L vs EQQU.L | |
| Invesco Dow Jones Islamic Global Developed Markets... | -0.17 | 0.12 | — | 76 | Global Equities | XLEP.L vs IGDA.L | |
| Invesco EQQQ NASDAQ-100 UCITS ETF | -0.14 | 0.09 | 0.12 | 78 | Nasdaq-100 | XLEP.L vs EQQQ.L |
See all 41 diversifiers for XLEP.L
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