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 Silver Miners UCITS ETF USD Accumulating (SILG.L) (Silver) with a 1Y correlation of 0.20, roughly unchanged from 0.18 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Silver Miners UCITS ETF USD Accumulating | 0.20 | 0.18 | — | 54 | Silver, Commodity Producers Equities, Precious Metals | GNOG.L vs SILG.L | |
| Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP | 0.34 | 0.32 | — | 71 | Nasdaq-100, Options Trading | GNOG.L vs QYLP.L | |
| Global X Autonomous & Electric Vehicles UCITS ETF ... | 0.51 | 0.55 | — | 94 | Technology Equities | GNOG.L vs DRVG.L | |
| iShares Nasdaq US Biotechnology UCITS ETF | 0.80 | 0.81 | — | 76 | Health & Biotech Equities | GNOG.L vs BTEK.L | |
| Invesco Nasdaq Biotech UCITS ETF | 0.81 | 0.82 | — | 72 | Health & Biotech Equities | GNOG.L vs SBIO.L |
See all 8 diversifiers for GNOG.L
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements GNOG.L
Add GNOG.L to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with GNOG.L