Looking to diversify beyond ENGE.L? The ETFs below have the lowest correlation with ENGE.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 ENGE.L.
Best Diversifiers for ENGE.L
27 ETFs have low correlation with ENGE.L (below 0.3), 21 of which are negatively correlated. The least correlated is Xtrackers MSCI World Information Technology UCITS ETF 1C (XDWT.L) (Technology Equities) with a 1Y correlation of -0.18, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Xtrackers MSCI World Information Technology UCITS ... | -0.18 | 0.02 | 0.07 | 51 | Technology Equities | ENGE.L vs XDWT.L | |
| SPDR S&P 500 UCITS ETF USD Acc | -0.18 | — | — | 67 | S&P 500 | ENGE.L vs SPYL.L | |
| State Street SPDR S&P 500 UCITS ETF (Dist) | -0.18 | 0.10 | 0.17 | 67 | S&P 500 | ENGE.L vs SPY5.L | |
| iShares MSCI World SRI UCITS ETF EUR (Acc) | -0.15 | 0.12 | 0.18 | 66 | Global Equities | ENGE.L vs SUSW.L | |
| Lyxor MSCI Emerging Markets UCITS ETF - Acc USD | -0.13 | 0.18 | 0.23 | 87 | Emerging Markets Equities | ENGE.L vs LEML.L |
See all 34 diversifiers for ENGE.L
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Diversification Analysis
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