Looking to diversify beyond 3NVD.L? The ETFs below have the lowest correlation with 3NVD.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 3NVD.L.
Best Diversifiers for 3NVD.L
3 ETFs have low correlation with 3NVD.L (below 0.3), 0 of which are negatively correlated. The least correlated is Leverage Shares 3x Long Moderna (MRNA) ETP Securities (MRN3.L) (Leveraged Equities) with a 1Y correlation of 0.09, roughly unchanged from 0.08 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leverage Shares 3x Long Moderna (MRNA) ETP Securit... | 0.09 | 0.08 | — | 56 | Leveraged Equities | 3NVD.L vs MRN3.L | |
| Leverage Shares 3x Alphabet ETP Scs | 0.25 | 0.35 | 0.45 | 94 | Leveraged Equities | 3NVD.L vs 3GOE.L | |
| Leverage Shares 3x Alphabet ETC GBP | 0.27 | 0.35 | 0.46 | 95 | Leveraged Equities | 3NVD.L vs 3GOO.L | |
| Leverage Shares 3x Long South Korea ETP Securities | 0.45 | 0.41 | — | 96 | Leveraged Equities | 3NVD.L vs 3KOR.L | |
| Leverage Shares 2x Micron Technology ETC GBP | 0.48 | 0.49 | 0.53 | 99 | Leveraged Equities | 3NVD.L vs 2MU.L |
See all 14 diversifiers for 3NVD.L
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