Looking to diversify beyond 3NIE.L? The ETFs below have the lowest correlation with 3NIE.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 3NIE.L.
Best Diversifiers for 3NIE.L
5 ETFs have low correlation with 3NIE.L (below 0.3), 0 of which are negatively correlated. The least correlated is WisdomTree S&P 500 3x Daily Leveraged GB (3USL.L) (Leveraged Equities) with a 1Y correlation of 0.11, roughly unchanged from 0.11 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree S&P 500 3x Daily Leveraged GB | 0.11 | 0.11 | 0.11 | 64 | Leveraged Equities, S&P 500 | 3NIE.L vs 3USL.L | |
| WisdomTree NASDAQ 100 3x Daily Leveraged | 0.13 | 0.13 | 0.13 | 63 | Nasdaq-100, Leveraged Equities | 3NIE.L vs QQQ3.L | |
| Leverage Shares 5x Long Nasdaq 100 ETP Securities | 0.13 | 0.13 | 0.13 | 58 | Nasdaq-100, Leveraged Equities | 3NIE.L vs QQQ5.L | |
| Xtrackers S&P 500 2x Leveraged Daily Swap UCITS ET... | 0.13 | 0.13 | 0.13 | 68 | Leveraged Equities, S&P 500 | 3NIE.L vs XS2D.L | |
| Leverage Shares 3x Long Semiconductors ETP Securit... | 0.16 | 0.16 | 0.16 | 96 | Leveraged Equities, Semiconductors | 3NIE.L vs SMH3.L |
Diversification Analysis
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