Looking to diversify beyond XYLP.L? The ETFs below have historically moved differently from XYLP.L, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
Best Diversifiers for XYLP.L
5 ETFs have low correlation with XYLP.L (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco S&P 500 High Dividend Low Volatility UCITS ETF (HDLG.L) (S&P 500) with a 1Y correlation of 0.11, down from 0.31 over 3 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco S&P 500 High Dividend Low Volatility UCITS... | 0.11 | 0.31 | — | 60 | S&P 500, Dividend, Low Volatility | XYLP.L vs HDLG.L | |
| iShares S&P 500 Equal Weight UCITS ETF GBP Hedged ... | 0.20 | 0.22 | — | 72 | S&P 500 | XYLP.L vs ISPE.L | |
| Global X Copper Miners UCITS ETF USD Acc | 0.21 | 0.14 | — | 74 | Copper | XYLP.L vs COPG.L | |
| Xtrackers S&P 500 Equal Weight UCITS ETF 1D GBP He... | 0.22 | 0.21 | — | 73 | S&P 500, Equal Weight | XYLP.L vs XEWG.L | |
| Global X SuperDividend UCITS ETF USD Distributing | 0.29 | 0.30 | — | 75 | Dividend | XYLP.L vs SDIP.L |
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