Looking to balance out your exposure to NBPE.L? The ETFs below have the lowest correlation with NBPE.L — they tend to move on their own, which can help reduce risk when NBPE.L drops. The stock ideas table highlights individual companies that behave independently from NBPE.L.
Best Diversifiers for NBPE.L
3 ETFs have low correlation with NBPE.L (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (EMIM.L) (Emerging Markets Equities) with a 1Y correlation of 0.22, roughly unchanged from 0.21 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core MSCI Emerging Markets IMI UCITS ETF (... | 0.22 | 0.17 | 0.21 | 82 | Emerging Markets Equities | NBPE.L vs EMIM.L | |
| Invesco EQQQ NASDAQ-100 UCITS ETF | 0.23 | 0.14 | 0.19 | 76 | Nasdaq-100 | NBPE.L vs EQQQ.L | |
| iShares Core MSCI World UCITS ETF USD (Acc) | 0.27 | 0.21 | 0.25 | 84 | Global Equities | NBPE.L vs SWDA.L |
Diversification Analysis
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