Looking to diversify beyond XYLP.L? The ETFs below have the lowest correlation with XYLP.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 XYLP.L.
Best Diversifiers for XYLP.L
20 ETFs have low correlation with XYLP.L (below 0.3), 2 of which are negatively correlated. The least correlated is Defiance Oil Enhanced Options Income ETF (USOY) (Derivative Income) with a 1Y correlation of -0.16, down from -0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Defiance Oil Enhanced Options Income ETF | -0.16 | -0.03 | -0.03 | 55 | Derivative Income | XYLP.L vs USOY | |
| CI Energy Giants Covered Call ETF Common Units (CA... | -0.09 | -0.07 | -0.07 | 75 | Energy Equities, Derivative Income | XYLP.L vs NXF.TO | |
| Simplify Treasury Option Income ETF | 0.05 | 0.04 | — | 85 | Government Bonds, Ultrashort Bond, Derivative Income | XYLP.L vs BUCK | |
| Hamilton U.S. T-Bill YIELD MAXIMIZER ETF (CAD Hedg... | 0.05 | -0.04 | -0.04 | 51 | Derivative Income, Short-Term Bond | XYLP.L vs HBIL.TO | |
| Global X Copper Miners ETF | 0.09 | — | — | 77 | Materials | XYLP.L vs COPX |
See all 39 diversifiers for XYLP.L
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