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
5 ETFs have low correlation with XLKS.L (below 0.3), 3 of which are negatively correlated. The least correlated is iShares S&P 500 Energy Sector UCITS ETF USD (Acc) (IUES.L) (Energy Equities) with a 1Y correlation of -0.20, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares S&P 500 Energy Sector UCITS ETF USD (Acc) | -0.20 | 0.03 | 0.15 | 60 | Energy Equities, S&P 500 | XLKS.L vs IUES.L | |
| Invesco S&P World Energy Targeted & Screened UCITS... | -0.17 | 0.09 | — | 66 | Energy Equities | XLKS.L vs WDEE.L | |
| Invesco Bloomberg Commodity UCITS ETF Acc | -0.07 | 0.04 | 0.04 | 67 | Commodities | XLKS.L vs CMOP.L | |
| Invesco FTSE 100 UCITS ETF | 0.23 | 0.27 | 0.34 | 54 | Europe Equities | XLKS.L vs S100.L | |
| iShares Physical Silver ETC | 0.26 | 0.20 | 0.22 | 52 | Silver, Precious Metals | XLKS.L vs ISLN.L |
See all 73 diversifiers for XLKS.L
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements XLKS.L
Add XLKS.L to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with XLKS.L