Looking to diversify beyond ERNA.L? The ETFs below have the lowest correlation with ERNA.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 ERNA.L.
Best Diversifiers for ERNA.L
24 ETFs have low correlation with ERNA.L (below 0.3), 3 of which are negatively correlated. The least correlated is Invesco USD AT1 CoCo Bond UCITS ETF GBP Hedged Dist (AT1S.L) (Preferred Stock/Convertible Bonds) with a 1Y correlation of -0.19, roughly unchanged from -0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco USD AT1 CoCo Bond UCITS ETF GBP Hedged Dis... | -0.19 | -0.15 | -0.22 | 55 | Preferred Stock/Convertible Bonds, Corporate Bonds, High Yield Bonds | ERNA.L vs AT1S.L | |
| Invesco USD AAA CLO UCITS ETF Acc | -0.04 | 0.01 | 0.01 | 98 | CLO, Bank Loan | ERNA.L vs ICLU.L | |
| iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | -0.00 | -0.03 | -0.03 | 99 | Ultrashort Bond | ERNA.L vs ERNS.L | |
| WisdomTree USD Floating Rate Treasury Bond UCITS E... | 0.04 | 0.09 | 0.09 | 87 | Government Bonds, Ultrashort Bond | ERNA.L vs USFR.L | |
| iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) | 0.05 | 0.08 | 0.12 | 100 | Government Bonds, Ultrashort Bond | ERNA.L vs IB01.L |
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