Looking to diversify beyond XLKQ.L? The ETFs below have the lowest correlation with XLKQ.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 XLKQ.L.
Best Diversifiers for XLKQ.L
22 ETFs have low correlation with XLKQ.L (below 0.3), 7 of which are negatively correlated. The least correlated is Invesco Energy S&P US Select Sector UCITS ETF Acc (XLES.L) (Energy Equities) with a 1Y correlation of -0.17, down from 0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Energy S&P US Select Sector UCITS ETF Acc | -0.17 | 0.02 | 0.14 | 62 | Energy Equities | XLKQ.L vs XLES.L | |
| Invesco S&P World Energy Targeted & Screened UCITS... | -0.15 | 0.07 | — | 66 | Energy Equities | XLKQ.L vs WDEE.L | |
| Invesco US Energy Sector UCITS ETF | -0.14 | 0.05 | 0.11 | 57 | Energy Equities | XLKQ.L vs XLEP.L | |
| Invesco US Treasury Bond 0-1 Year UCITS ETF GBP He... | -0.13 | -0.08 | — | 97 | Short-Term Bond | XLKQ.L vs TIGB.L | |
| Invesco Bloomberg Commodity UCITS ETF | -0.07 | 0.07 | 0.08 | 70 | Commodities | XLKQ.L vs CMOD.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from XLKQ.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to XLKQ.L and solid risk/return profiles. The least correlated is JP Morgan Global Growth & Income plc (JGGI.L) (Financial Services) with a 1Y correlation of 0.57, roughly unchanged from 0.58 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| JP Morgan Global Growth & Income plc | 0.57 | 0.61 | 0.58 | 76 | Financial Services |
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