Looking to diversify beyond XLKS.L? The ETFs below have the lowest correlation with XLKS.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 XLKS.L.
Best Diversifiers for XLKS.L
3 ETFs have low correlation with XLKS.L (below 0.3), 2 of which are negatively correlated. The least correlated is Invesco S&P World Energy Targeted & Screened UCITS ETF Acc (WDEE.L) (Energy Equities) with a 1Y correlation of -0.14, down from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco S&P World Energy Targeted & Screened UCITS... | -0.14 | 0.08 | 0.08 | 53 | Energy Equities | XLKS.L vs WDEE.L | |
| Invesco Bloomberg Commodity UCITS ETF Acc | -0.05 | 0.05 | 0.05 | 52 | Commodities | XLKS.L vs CMOP.L | |
| Invesco FTSE 100 UCITS ETF | 0.29 | 0.31 | 0.42 | 71 | Europe Equities | XLKS.L vs S100.L | |
| Invesco S&P 500 QVM UCITS ETF | 0.32 | 0.52 | 0.54 | 93 | S&P 500, Large Cap Value Equities | XLKS.L vs PQVG.L | |
| Invesco S&P China A 300 Swap UCITS ETF Acc | 0.34 | 0.20 | — | 89 | China Equities | XLKS.L vs C300.L |
See all 73 diversifiers for XLKS.L
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