Looking to diversify beyond ANRJ.L? The ETFs below have the lowest correlation with ANRJ.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 ANRJ.L.
Best Diversifiers for ANRJ.L
8 ETFs have low correlation with ANRJ.L (below 0.3), 2 of which are negatively correlated. The least correlated is Amundi Smart Overnight Return UCITS ETF GBP Hedged Acc (CSH2.L) (Money Market) with a 1Y correlation of -0.07, roughly unchanged from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Amundi Smart Overnight Return UCITS ETF GBP Hedged... | -0.07 | -0.05 | -0.05 | 99 | Money Market | ANRJ.L vs CSH2.L | |
| HANetf Alerian Midstream Energy Dividend UCITS ETF | -0.02 | 0.22 | 0.47 | 59 | Energy Equities | ANRJ.L vs PMLP.L | |
| iShares MSCI World Energy Sector UCITS ETF USD (Di... | 0.01 | 0.26 | — | 52 | Energy Equities | ANRJ.L vs WENS.L | |
| State Street SPDR MSCI World Energy UCITS ETF | 0.05 | 0.29 | 0.58 | 52 | Energy Equities | ANRJ.L vs ENGW.L | |
| iShares MSCI Europe Energy Sector UCITS ETF EUR (A... | 0.06 | 0.32 | 0.65 | 51 | Energy Equities | ANRJ.L vs ESIE.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ANRJ.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ANRJ.L and solid risk/return profiles. The least correlated is Rolls-Royce Holdings PLC (RR.L) (Industrials) with a 1Y correlation of 0.34, roughly unchanged from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Rolls-Royce Holdings PLC | 0.34 | 0.32 | 0.33 | 83 | Industrials |
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