Looking to diversify beyond NRJL.L? The ETFs below have the lowest correlation with NRJL.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 NRJL.L.
Best Diversifiers for NRJL.L
16 ETFs have low correlation with NRJL.L (below 0.3), 15 of which are negatively correlated. The least correlated is Xtrackers MSCI USA Energy UCITS ETF 1D (XSEN.L) (Energy Equities) with a 1Y correlation of -0.12, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Xtrackers MSCI USA Energy UCITS ETF 1D | -0.12 | 0.12 | 0.20 | 54 | Energy Equities | NRJL.L vs XSEN.L | |
| SPDR S&P US Energy Select Sector UCITS ETF | -0.12 | 0.13 | — | 56 | Energy Equities | NRJL.L vs GXLE.L | |
| Invesco US Energy Sector UCITS ETF | -0.11 | 0.13 | 0.21 | 57 | Energy Equities | NRJL.L vs XLEP.L | |
| iShares S&P 500 Energy Sector UCITS ETF USD (Acc) | -0.10 | 0.16 | 0.26 | 60 | Energy Equities, S&P 500 | NRJL.L vs IUES.L | |
| State Street SPDR S&P U.S. Energy Select Sector UC... | -0.09 | 0.16 | 0.26 | 60 | Energy Equities | NRJL.L vs SXLE.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NRJL.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NRJL.L and solid risk/return profiles. The least correlated is Greatland Gold plc (GGP.L) (Basic Materials) with a 1Y correlation of 0.21, roughly unchanged from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Greatland Gold plc | 0.21 | 0.10 | 0.12 | 87 | Basic Materials | |
| Fresnillo plc | 0.32 | 0.33 | 0.29 | 91 | Basic Materials | |
| Atalaya Mining Ltd | 0.39 | 0.35 | 0.30 | 82 | Basic Materials |
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