Looking to diversify beyond ENGW.L? The ETFs below have the lowest correlation with ENGW.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 ENGW.L.
Best Diversifiers for ENGW.L
25 ETFs have low correlation with ENGW.L (below 0.3), 21 of which are negatively correlated. The least correlated is iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.L) (Emerging Markets Equities) with a 1Y correlation of -0.16, down from 0.15 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core MSCI Emerging Markets IMI UCITS ETF (... | -0.16 | 0.15 | — | 88 | Emerging Markets Equities | ENGW.L vs EMIM.L | |
| Invesco US Treasury Bond 0-1 Year UCITS ETF GBP He... | -0.15 | -0.09 | — | 97 | Short-Term Bond | ENGW.L vs TIGB.L | |
| SPDR MSCI All Country World UCITS ETF | -0.13 | 0.20 | — | 72 | Global Equities | ENGW.L vs ACWD.L | |
| Invesco Solar Energy UCITS ETF Acc | -0.12 | 0.14 | — | 91 | Energy Equities | ENGW.L vs RAYS.L | |
| SPDR MSCI ACWI IMI | -0.10 | 0.22 | — | 74 | Global Equities | ENGW.L vs IMID.L |
See all 39 diversifiers for ENGW.L
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