Looking to diversify beyond XZMD.L? The ETFs below have the lowest correlation with XZMD.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 XZMD.L.
Best Diversifiers for XZMD.L
3 ETFs have low correlation with XZMD.L (below 0.3), 0 of which are negatively correlated. The least correlated is First Trust US Large Cap Core AlphaDEX® UCITS ETF Class A USD (FEX.L) (Large Cap Blend Equities) with a 1Y correlation of 0.23, down from 0.40 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| First Trust US Large Cap Core AlphaDEX® UCITS ETF ... | 0.23 | 0.30 | 0.40 | 88 | Large Cap Blend Equities | XZMD.L vs FEX.L | |
| Xtrackers MSCI World Quality Factor UCITS ETF 1C | 0.29 | 0.37 | 0.46 | 70 | Global Equities | XZMD.L vs XDEQ.L | |
| First Trust US Large Cap Core AlphaDEX UCITS Class... | 0.30 | 0.32 | — | 93 | Large Cap Blend Equities | XZMD.L vs FEXD.L | |
| WisdomTree US Quality Dividend Growth UCITS ETF - ... | 0.31 | 0.34 | — | 73 | Large Cap Blend Equities, Dividend | XZMD.L vs DGRG.L | |
| WisdomTree US Quality Dividend Growth UCITS ETF - ... | 0.33 | 0.35 | — | 72 | Large Cap Blend Equities, Dividend | XZMD.L vs DGRP.L |
See all 54 diversifiers for XZMD.L
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