Looking to diversify beyond NASD.L? The ETFs below have the lowest correlation with NASD.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 NASD.L.
Best Diversifiers for NASD.L
1 ETFs have low correlation with NASD.L (below 0.3), 0 of which are negatively correlated. The least correlated is Amundi Smart Overnight Return UCITS ETF GBP Hedged Acc (CSH2.L) (Money Market) with a 1Y correlation of 0.21, roughly unchanged from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Amundi Smart Overnight Return UCITS ETF GBP Hedged... | 0.21 | 0.19 | 0.26 | 99 | Money Market | NASD.L vs CSH2.L | |
| Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc | 0.41 | 0.31 | 0.32 | 73 | Financials Equities | NASD.L vs BNKE.L | |
| Amundi FTSE 100 UCITS ETF | 0.42 | 0.41 | 0.48 | 65 | Europe Equities | NASD.L vs 100D.L | |
| Amundi Index MSCI Europe UCITS ETF DR EUR (D) | 0.47 | 0.48 | 0.53 | 57 | Europe Equities | NASD.L vs CE2D.L | |
| Lyxor Core STOXX Europe 600 (DR) - UCITS ETF Acc | 0.56 | 0.52 | 0.60 | 55 | Europe Equities | NASD.L vs MEUD.L |
See all 42 diversifiers for NASD.L
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