Looking to diversify beyond 3NFE.L? The ETFs below have the lowest correlation with 3NFE.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 3NFE.L.
Best Diversifiers for 3NFE.L
19 ETFs have low correlation with 3NFE.L (below 0.3), 9 of which are negatively correlated. The least correlated is Leverage Shares 2x Micron Technology ETC GBP (2MU.L) (Leveraged Equities) with a 1Y correlation of -0.13, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leverage Shares 2x Micron Technology ETC GBP | -0.13 | 0.12 | 0.22 | 99 | Leveraged Equities | 3NFE.L vs 2MU.L | |
| Leverage Shares 3x Long Oil & Gas ETP Securities G... | -0.11 | 0.04 | — | 56 | Leveraged Equities | 3NFE.L vs 3XLE.L | |
| Leverage Shares 3x BP ETP GBX | -0.10 | 0.03 | 0.02 | 61 | Leveraged Equities | 3NFE.L vs 3BP.L | |
| Leverage Shares 4x Long Semiconductors ETP Securit... | -0.08 | — | — | 97 | Leveraged Equities, Semiconductors | 3NFE.L vs SOXL.L | |
| Leverage Shares 3x Alphabet ETP Scs | -0.07 | 0.23 | 0.33 | 95 | Leveraged Equities | 3NFE.L vs 3GOE.L |
See all 19 diversifiers for 3NFE.L
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