Looking to diversify beyond NESG.L? The ETFs below have the lowest correlation with NESG.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 NESG.L.
Best Diversifiers for NESG.L
0 ETFs have low correlation with NESG.L (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco European Banks Sector UCITS ETF (X7PP.L) (Financials Equities) with a 1Y correlation of 0.49, roughly unchanged from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco European Banks Sector UCITS ETF | 0.49 | 0.40 | 0.39 | 56 | Financials Equities | NESG.L vs X7PP.L | |
| Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP | 0.55 | 0.59 | 0.60 | 71 | Nasdaq-100, Options Trading | NESG.L vs QYLP.L | |
| iShares Edge MSCI World Value Factor UCITS ETF USD... | 0.68 | 0.60 | 0.62 | 95 | Global Equities | NESG.L vs IWVL.L | |
| IncomeShares Nasdaq 100 Options (0DTE) ETP GBP | 0.68 | — | — | 73 | Nasdaq-100, Derivative Income | NESG.L vs QQQO.L | |
| IncomeShares Nasdaq 100 Options (0DTE) ETP | 0.73 | 0.66 | 0.66 | 71 | Nasdaq-100, Derivative Income | NESG.L vs QQQY.L |
See all 36 diversifiers for NESG.L
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