Looking to diversify beyond NESP.L? The ETFs below have the lowest correlation with NESP.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 NESP.L.
Best Diversifiers for NESP.L
1 ETFs have low correlation with NESP.L (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.L) (Global Equities) with a 1Y correlation of 0.08, down from 0.29 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Morningstar Developed Markets Dividend Lead... | 0.08 | 0.19 | 0.29 | 91 | Global Equities, Dividend | NESP.L vs TDGB.L | |
| Amundi ETF MSCI Europe Banks UCITS ETF | 0.40 | — | — | 60 | Financials Equities | NESP.L vs CB5.L | |
| Invesco European Banks Sector UCITS ETF | 0.41 | 0.28 | 0.31 | 56 | Financials Equities | NESP.L vs X7PP.L | |
| Fidelity US Quality Income ETF Acc | 0.51 | 0.68 | — | 76 | Large Cap Blend Equities, Dividend | NESP.L vs FUQA.L | |
| Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP | 0.61 | 0.66 | — | 71 | Nasdaq-100, Options Trading | NESP.L vs QYLP.L |
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