Looking to diversify beyond 3NFL.L? The ETFs below have the lowest correlation with 3NFL.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 3NFL.L.
Best Diversifiers for 3NFL.L
23 ETFs have low correlation with 3NFL.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 0.20 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 | 0.10 | 0.20 | 99 | Leveraged Equities | 3NFL.L vs 2MU.L | |
| Leverage Shares 3x BP ETP GBX | -0.11 | 0.01 | 0.01 | 58 | Leveraged Equities | 3NFL.L vs 3BP.L | |
| Leverage Shares 3x Long Oil & Gas ETP Securities G... | -0.11 | 0.04 | — | 51 | Leveraged Equities | 3NFL.L vs 3XLE.L | |
| Leverage Shares 3x Alphabet ETC GBP | -0.08 | 0.22 | 0.30 | 95 | Leveraged Equities | 3NFL.L vs 3GOO.L | |
| Leverage Shares 3x Alphabet ETP Scs | -0.07 | 0.22 | 0.31 | 94 | Leveraged Equities | 3NFL.L vs 3GOE.L |
See all 23 diversifiers for 3NFL.L
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements 3NFL.L
Add 3NFL.L to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with 3NFL.L