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
12 ETFs have low correlation with ERNU.L (below 0.3), 7 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 -0.21, roughly unchanged from -0.14 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core MSCI EM IMI UCITS ETF | -0.21 | -0.16 | -0.14 | 78 | Emerging Markets Equities | ERNU.L vs EIMI.L | |
| iShares NASDAQ 100 UCITS ETF | -0.15 | -0.16 | -0.18 | 75 | Nasdaq-100 | ERNU.L vs CNDX.L | |
| iShares MSCI Korea UCITS ETF (Acc) | -0.15 | -0.16 | -0.16 | 97 | Asia Pacific Equities | ERNU.L vs CSKR.L | |
| iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | -0.11 | -0.08 | -0.07 | 98 | Ultrashort Bond | ERNU.L vs ERNS.L | |
| iShares USD Ultrashort Bond UCITS ETF USD (Acc) | -0.08 | 0.01 | 0.04 | 98 | Corporate Bonds | ERNU.L vs ERNA.L |
See all 16 diversifiers for ERNU.L
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