Looking to balance out your exposure to ENT.L? The ETFs below have the lowest correlation with ENT.L — they tend to move on their own, which can help reduce risk when ENT.L drops. The stock ideas table highlights individual companies that behave independently from ENT.L.
Best Diversifiers for ENT.L
2 ETFs have low correlation with ENT.L (below 0.3), 0 of which are negatively correlated. The least correlated is Amundi MSCI Japan UCITS ETF Acc (LCJP.L) (Japan Equities) with a 1Y correlation of 0.12, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Amundi MSCI Japan UCITS ETF Acc | 0.12 | 0.26 | 0.30 | 73 | Japan Equities, Asia Pacific Equities | ENT.L vs LCJP.L | |
| Amundi Nasdaq-100 UCITS USD | 0.21 | 0.26 | 0.34 | 62 | Nasdaq-100 | ENT.L vs ANXG.L |
Diversification Analysis
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