Looking to diversify beyond XLPP.L? The ETFs below have the lowest correlation with XLPP.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 XLPP.L.
Best Diversifiers for XLPP.L
9 ETFs have low correlation with XLPP.L (below 0.3), 8 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 -0.28, down from -0.00 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 | -0.28 | -0.11 | -0.00 | 73 | Nasdaq-100 | XLPP.L vs EQGB.L | |
| Invesco Technology S&P US Select Sector UCITS ETF ... | -0.28 | -0.05 | 0.10 | 73 | Technology Equities | XLPP.L vs XLKQ.L | |
| Invesco EQQQ NASDAQ-100 UCITS ETF | -0.17 | 0.04 | 0.15 | 75 | Nasdaq-100 | XLPP.L vs EQQU.L | |
| Invesco EQQQ NASDAQ-100 UCITS ETF | -0.16 | 0.07 | 0.17 | 78 | Nasdaq-100 | XLPP.L vs EQQQ.L | |
| Invesco Dow Jones Islamic Global Developed Markets... | -0.14 | 0.08 | — | 76 | Global Equities | XLPP.L vs IGDA.L |
See all 9 diversifiers for XLPP.L
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