Looking to diversify beyond GNOG.L? The ETFs below have the lowest correlation with GNOG.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 GNOG.L.
Best Diversifiers for GNOG.L
1 ETFs have low correlation with GNOG.L (below 0.3), 0 of which are negatively correlated. The least correlated is Global X SuperDividend UCITS ETF USD Distributing (SDIP.L) (Dividend) with a 1Y correlation of 0.30, roughly unchanged from 0.37 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X SuperDividend UCITS ETF USD Distributing | 0.30 | 0.37 | — | 85 | Dividend | GNOG.L vs SDIP.L | |
| Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP | 0.34 | 0.32 | — | 91 | Nasdaq-100, Options Trading | GNOG.L vs QYLP.L | |
| Global X Autonomous & Electric Vehicles UCITS ETF ... | 0.52 | 0.54 | — | 91 | Technology Equities | GNOG.L vs DRVG.L | |
| L&G Pharma Breakthrough UCITS ETF | 0.75 | 0.72 | — | 78 | Health & Biotech Equities | GNOG.L vs BIGT.L | |
| L&G Healthcare Breakthrough UCITS ETF | 0.78 | 0.80 | — | 57 | Health & Biotech Equities | GNOG.L vs DOCG.L |
See all 11 diversifiers for GNOG.L
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Diversification Analysis
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