Looking to diversify beyond XLUP.L? The ETFs below have the lowest correlation with XLUP.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 XLUP.L.
Best Diversifiers for XLUP.L
19 ETFs have low correlation with XLUP.L (below 0.3), 1 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 -0.05, roughly unchanged from 0.03 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 | -0.05 | -0.03 | 0.03 | 73 | Nasdaq-100 | XLUP.L vs EQGB.L | |
| Invesco Technology S&P US Select Sector UCITS ETF ... | 0.02 | 0.02 | 0.10 | 73 | Technology Equities | XLUP.L vs XLKQ.L | |
| Invesco European Banks Sector UCITS ETF | 0.03 | 0.07 | 0.06 | 56 | Financials Equities | XLUP.L vs X7PP.L | |
| Global X Silver Miners UCITS ETF USD Accumulating | 0.03 | 0.09 | — | 54 | Silver, Commodity Producers Equities, Precious Metals | XLUP.L vs SILG.L | |
| iShares Physical Silver ETC | 0.05 | 0.08 | 0.07 | 56 | Silver, Precious Metals | XLUP.L vs SSLN.L |
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