Looking to diversify beyond NGAS.L? The ETFs below have the lowest correlation with NGAS.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 NGAS.L.
Best Diversifiers for NGAS.L
27 ETFs have low correlation with NGAS.L (below 0.3), 11 of which are negatively correlated. The least correlated is L&G ROBO Global Robotics and Automation UCITS ETF (ROBG.L) (Robotics) with a 1Y correlation of -0.23, down from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| L&G ROBO Global Robotics and Automation UCITS ETF | -0.23 | -0.05 | -0.00 | 84 | Robotics, Technology Equities | NGAS.L vs ROBG.L | |
| WisdomTree US Quality Dividend Growth UCITS ETF US... | -0.20 | -0.03 | 0.02 | 56 | Large Cap Blend Equities, Dividend | NGAS.L vs DGRA.L | |
| VanEck S&P Global Mining UCITS ETF | -0.15 | -0.03 | 0.03 | 68 | Materials | NGAS.L vs GDIG.L | |
| WisdomTree Artificial Intelligence UCITS ETF - USD... | -0.15 | -0.03 | 0.01 | 91 | Technology Equities | NGAS.L vs INTL.L | |
| Invesco Global Clean Energy UCITS ETF Acc | -0.15 | -0.00 | 0.02 | 94 | Energy Equities | NGAS.L vs GCLE.L |
See all 34 diversifiers for NGAS.L
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Diversification Analysis
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