Looking to diversify beyond ENCG.L? The ETFs below have the lowest correlation with ENCG.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 ENCG.L.
Best Diversifiers for ENCG.L
14 ETFs have low correlation with ENCG.L (below 0.3), 13 of which are negatively correlated. The least correlated is L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LDEG.L) (Europe Equities) with a 1Y correlation of -0.21, down from -0.03 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| L&G Quality Equity Dividends ESG Exclusions Europe... | -0.21 | -0.03 | — | 75 | Europe Equities | ENCG.L vs LDEG.L | |
| iShares MSCI World Small Cap UCITS ETF | -0.18 | 0.03 | 0.08 | 80 | Small Cap Blend Equities | ENCG.L vs WLDS.L | |
| L&G ROBO Global Robotics and Automation UCITS ETF | -0.18 | 0.01 | — | 84 | Robotics, Technology Equities | ENCG.L vs ROBG.L | |
| L&G Global Equity UCITS ETF | -0.14 | 0.09 | 0.10 | 81 | Global Equities | ENCG.L vs LGGG.L | |
| Vanguard FTSE All-World UCITS ETF (USD) Accumulati... | -0.14 | 0.10 | — | 85 | Global Equities | ENCG.L vs VWRP.L |
See all 36 diversifiers for ENCG.L
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Diversification Analysis
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