Looking to diversify beyond NATO.L? The ETFs below have the lowest correlation with NATO.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 NATO.L.
Best Diversifiers for NATO.L
4 ETFs have low correlation with NATO.L (below 0.3), 1 of which are negatively correlated. The least correlated is HANetf Alerian Midstream Energy Dividend UCITS ETF (PMLP.L) (Energy Equities) with a 1Y correlation of -0.00, down from 0.22 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| HANetf Alerian Midstream Energy Dividend UCITS ETF | -0.00 | 0.22 | — | 63 | Energy Equities | NATO.L vs PMLP.L | |
| VanEck Morningstar Developed Markets Dividend Lead... | 0.16 | 0.34 | — | 95 | Global Equities, Dividend | NATO.L vs TDGB.L | |
| Amundi MSCI Japan UCITS ETF Acc | 0.29 | 0.38 | — | 70 | Japan Equities, Asia Pacific Equities | NATO.L vs LCJP.L | |
| iShares MSCI EM Latin America UCITS ETF | 0.30 | 0.36 | — | 65 | Latin America Equities | NATO.L vs DLTM.L | |
| Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc | 0.35 | 0.38 | — | 77 | Financials Equities | NATO.L vs BNKE.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NATO.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NATO.L and solid risk/return profiles. The least correlated is AstraZeneca plc (AZN.L) (Healthcare) with a 1Y correlation of 0.07, roughly unchanged from 0.15 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| AstraZeneca plc | 0.07 | 0.15 | — | 69 | Healthcare |
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