Looking to diversify beyond ERNU.L? The ETFs below have the lowest correlation with ERNU.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 ERNU.L.
Best Diversifiers for ERNU.L
16 ETFs have low correlation with ERNU.L (below 0.3), 11 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 -0.28, roughly unchanged from -0.30 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... | -0.28 | -0.23 | -0.30 | 55 | Preferred Stock/Convertible Bonds, Corporate Bonds, High Yield Bonds | ERNU.L vs AT1S.L | |
| iShares MSCI Korea UCITS ETF (Acc) | -0.21 | -0.17 | -0.20 | 93 | South Korea Equities, Asia Pacific Equities | ERNU.L vs CSKR.L | |
| iShares Core MSCI EM IMI UCITS ETF | -0.18 | -0.13 | -0.13 | 62 | Emerging Markets Equities | ERNU.L vs EIMI.L | |
| iShares USD Corporate Bond 0-3yr ESG UCITS ETF USD... | -0.14 | -0.06 | -0.02 | 92 | Corporate Bonds | ERNU.L vs SUSU.L | |
| iShares USD Ultrashort Bond UCITS ETF USD (Acc) | -0.12 | -0.06 | 0.01 | 97 | Corporate Bonds | ERNU.L vs ERNA.L |
To view more results, upgrade your current subscription plan.
Build a portfolio that complements ERNU.L
Add ERNU.L to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with ERNU.L