Looking to diversify beyond ERNS.L? The ETFs below have the lowest correlation with ERNS.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 ERNS.L.
Best Diversifiers for ERNS.L
55 ETFs have low correlation with ERNS.L (below 0.3), 12 of which are negatively correlated. The least correlated is iShares Bloomberg Roll Select Commodity Swap UCITS ETF USD (ROLG.L) (Commodities) with a 1Y correlation of -0.13, roughly unchanged from -0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Bloomberg Roll Select Commodity Swap UCITS... | -0.13 | -0.04 | -0.05 | 83 | Commodities | ERNS.L vs ROLG.L | |
| L&G All Commodities UCITS ETF | -0.12 | -0.05 | -0.04 | 64 | Commodities | ERNS.L vs BCOG.L | |
| L&G Longer Dated All Commodities UCITS ETF | -0.10 | -0.03 | -0.03 | 69 | Commodities | ERNS.L vs CMFP.L | |
| JPM BetaBuilders US Treasury Bond 0-3 Months UCITS... | -0.09 | -0.08 | -0.06 | 98 | Ultrashort Bond | ERNS.L vs BB3M.L | |
| Vanguard U.S. Treasury 0-1 Year Bond UCITS ETF (US... | -0.08 | -0.07 | -0.06 | 99 | Government Bonds, Ultrashort Bond | ERNS.L vs VDST.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from ERNS.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to ERNS.L and solid risk/return profiles. The least correlated is 3I Infrastructure plc (3IN.L) (Financial Services) with a 1Y correlation of -0.03, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| 3I Infrastructure plc | -0.03 | 0.00 | 0.04 | 64 | Financial Services | |
| British American Tobacco plc | -0.01 | 0.03 | 0.03 | 79 | Consumer Defensive | |
| CRH plc | 0.04 | 0.07 | 0.08 | 73 | Basic Materials | |
| The City of London Investment Trust plc | 0.08 | 0.12 | 0.12 | 80 | Financial Services |
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