Looking to diversify beyond CNEG.L? The ETFs below have the lowest correlation with CNEG.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 CNEG.L.
Best Diversifiers for CNEG.L
5 ETFs have low correlation with CNEG.L (below 0.3), 1 of which are negatively correlated. The least correlated is Lyxor Smart Overnight Return UCITS ETF C-GBP (CSH2.L) (Money Market) with a 1Y correlation of -0.08, roughly unchanged from -0.05 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lyxor Smart Overnight Return UCITS ETF C-GBP | -0.08 | -0.05 | — | 99 | Money Market | CNEG.L vs CSH2.L | |
| Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc | 0.18 | 0.26 | — | 55 | Financials Equities | CNEG.L vs BNKE.L | |
| Amundi FTSE 100 UCITS ETF | 0.23 | 0.31 | — | 55 | Europe Equities | CNEG.L vs 100D.L | |
| Amundi S&P 500 Swap UCITS ETF USD Acc | 0.28 | 0.23 | — | 75 | S&P 500 | CNEG.L vs 500U.L | |
| Amundi S&P 500 Swap UCITS ETF USD Acc | 0.28 | 0.22 | — | 82 | S&P 500 | CNEG.L vs 500G.L |
See all 22 diversifiers for CNEG.L
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