Looking to diversify beyond XLYP.L? The ETFs below have the lowest correlation with XLYP.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 XLYP.L.
Best Diversifiers for XLYP.L
0 ETFs have low correlation with XLYP.L (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco European Banks Sector UCITS ETF (X7PP.L) (Financials Equities) with a 1Y correlation of 0.35, roughly unchanged from 0.37 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco European Banks Sector UCITS ETF | 0.35 | 0.33 | 0.37 | 80 | Financials Equities | XLYP.L vs X7PP.L | |
| Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc | 0.56 | 0.65 | 0.70 | 58 | Nasdaq-100 | XLYP.L vs EQGB.L | |
| Invesco FTSE All-World UCITS ETF Acc | 0.57 | 0.62 | 0.61 | 81 | Global Equities | XLYP.L vs FWRG.L | |
| Invesco EQQQ NASDAQ-100 UCITS ETF | 0.57 | 0.68 | 0.75 | 60 | Nasdaq-100 | XLYP.L vs EQQQ.L | |
| Invesco FTSE All-World UCITS ETF USD Accumulation | 0.58 | 0.67 | — | 72 | Global Equities | XLYP.L vs FWRA.L |
See all 8 diversifiers for XLYP.L
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