Looking to diversify beyond ERN1.L? The ETFs below have the lowest correlation with ERN1.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 ERN1.L.
Best Diversifiers for ERN1.L
25 ETFs have low correlation with ERN1.L (below 0.3), 9 of which are negatively correlated. The least correlated is iShares Core MSCI EM IMI UCITS ETF (EIMI.L) (Emerging Markets Equities) with a 1Y correlation of -0.05, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core MSCI EM IMI UCITS ETF | -0.05 | 0.00 | 0.05 | 78 | Emerging Markets Equities | ERN1.L vs EIMI.L | |
| iShares S&P 500 Information Technology Sector UCIT... | -0.04 | -0.05 | -0.03 | 68 | Technology Equities, S&P 500 | ERN1.L vs IUIT.L | |
| iShares USD Treasury Bond 0-3 Month UCITS ETF USD ... | -0.04 | — | — | 99 | Ultrashort Bond | ERN1.L vs U03A.L | |
| iShares S&P 500 Information Technology Sector UCIT... | -0.03 | -0.04 | 0.00 | 70 | Technology Equities, S&P 500 | ERN1.L vs IITU.L | |
| iShares NASDAQ 100 UCITS ETF | -0.02 | -0.03 | -0.02 | 75 | Nasdaq-100 | ERN1.L vs CNDX.L |
See all 25 diversifiers for ERN1.L
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Diversification Analysis
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