Looking to diversify beyond NASL.L? The ETFs below have the lowest correlation with NASL.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 NASL.L.
Best Diversifiers for NASL.L
2 ETFs have low correlation with NASL.L (below 0.3), 1 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 -0.03, roughly unchanged from -0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Amundi Smart Overnight Return UCITS ETF GBP Hedged... | -0.03 | -0.03 | -0.02 | 99 | Money Market | NASL.L vs CSH2.L | |
| Amundi FTSE 100 UCITS ETF | 0.29 | 0.30 | 0.36 | 65 | Europe Equities | NASL.L vs 100D.L | |
| Vanguard FTSE All-World High Dividend Yield UCITS ... | 0.37 | 0.42 | 0.50 | 90 | Dividend, Global Equities | NASL.L vs VHYG.L | |
| SPDR MSCI USA Small Cap Value Weighted UCITS ETF | 0.38 | 0.41 | 0.51 | 81 | Small Cap Value Equities | NASL.L vs USSC.L | |
| Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc | 0.38 | 0.26 | 0.29 | 73 | Financials Equities | NASL.L vs BNKE.L |
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