Looking to diversify beyond XRES.L? The ETFs below have the lowest correlation with XRES.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 XRES.L.
Best Diversifiers for XRES.L
5 ETFs have low correlation with XRES.L (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Technology S&P US Select Sector UCITS ETF GBP Acc (XLKQ.L) (Technology Equities) with a 1Y correlation of 0.03, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Technology S&P US Select Sector UCITS ETF ... | 0.03 | 0.14 | 0.30 | 73 | Technology Equities | XRES.L vs XLKQ.L | |
| Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc | 0.09 | 0.20 | 0.32 | 73 | Nasdaq-100 | XRES.L vs EQGB.L | |
| Invesco EQQQ NASDAQ-100 UCITS ETF | 0.15 | 0.22 | 0.36 | 78 | Nasdaq-100 | XRES.L vs EQQQ.L | |
| Invesco EQQQ NASDAQ-100 UCITS ETF | 0.21 | 0.29 | 0.44 | 75 | Nasdaq-100 | XRES.L vs EQQU.L | |
| Invesco Dow Jones Islamic Global Developed Markets... | 0.29 | 0.38 | 0.46 | 76 | Global Equities | XRES.L vs IGDA.L |
See all 12 diversifiers for XRES.L
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