Looking to diversify beyond XLES.L? The ETFs below have the lowest correlation with XLES.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 XLES.L.
Best Diversifiers for XLES.L
23 ETFs have low correlation with XLES.L (below 0.3), 23 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 0.10 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 | 0.00 | 0.10 | 73 | Nasdaq-100 | XLES.L vs EQGB.L | |
| Invesco EQQQ NASDAQ-100 UCITS ETF | -0.18 | 0.07 | 0.18 | 75 | Nasdaq-100 | XLES.L vs EQQU.L | |
| Invesco Technology S&P US Select Sector UCITS ETF ... | -0.17 | 0.02 | 0.14 | 73 | Technology Equities | XLES.L vs XLKQ.L | |
| Invesco FTSE All-World UCITS ETF Acc | -0.16 | — | — | 86 | Global Equities | XLES.L vs FWRG.L | |
| Invesco Dow Jones Islamic Global Developed Markets... | -0.15 | 0.13 | — | 76 | Global Equities | XLES.L vs IGDA.L |
See all 37 diversifiers for XLES.L
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