Looking to diversify beyond NICK.L? The ETFs below have the lowest correlation with NICK.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 NICK.L.
Best Diversifiers for NICK.L
4 ETFs have low correlation with NICK.L (below 0.3), 0 of which are negatively correlated. The least correlated is WisdomTree US Quality Dividend Growth UCITS ETF USD Acc (DGRA.L) (Large Cap Blend Equities) with a 1Y correlation of 0.17, roughly unchanged from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree US Quality Dividend Growth UCITS ETF US... | 0.17 | 0.17 | 0.19 | 57 | Large Cap Blend Equities, Dividend | NICK.L vs DGRA.L | |
| WisdomTree S&P 500 3x Daily Leveraged GB | 0.21 | 0.17 | 0.21 | 65 | Leveraged Equities, S&P 500 | NICK.L vs 3USL.L | |
| WisdomTree NASDAQ 100 3x Daily Leveraged | 0.24 | 0.16 | 0.18 | 69 | Nasdaq-100, Leveraged Equities | NICK.L vs QQQ3.L | |
| WisdomTree Artificial Intelligence UCITS ETF - USD... | 0.25 | 0.17 | 0.14 | 91 | Technology Equities | NICK.L vs INTL.L | |
| iShares Physical Silver ETC | 0.38 | 0.25 | 0.25 | 56 | Silver, Precious Metals | NICK.L vs SSLN.L |
See all 10 diversifiers for NICK.L
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Diversification Analysis
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