Looking to diversify beyond NUCG.L? The ETFs below have the lowest correlation with NUCG.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 NUCG.L.
Best Diversifiers for NUCG.L
4 ETFs have low correlation with NUCG.L (below 0.3), 2 of which are negatively correlated. The least correlated is iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc) (ESIE.L) (Energy Equities) with a 1Y correlation of -0.11, down from 0.18 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI Europe Energy Sector UCITS ETF EUR (A... | -0.11 | 0.18 | — | 78 | Energy Equities | NUCG.L vs ESIE.L | |
| iShares MSCI World Energy Sector UCITS ETF USD (Di... | -0.06 | 0.19 | — | 59 | Energy Equities | NUCG.L vs WENS.L | |
| VanEck Morningstar Developed Markets Dividend Lead... | 0.14 | 0.23 | — | 91 | Global Equities, Dividend | NUCG.L vs TDGB.L | |
| iShares Core FTSE 100 UCITS ETF (Dist) | 0.28 | 0.31 | — | 56 | Europe Equities | NUCG.L vs ISF.L | |
| VanEck J.P. Morgan EM Local Currency Bond UCITS ET... | 0.31 | 0.28 | 0.28 | 54 | Emerging Markets Bonds | NUCG.L vs EMGB.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NUCG.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NUCG.L and solid risk/return profiles. The least correlated is Tesco PLC (TSCO.L) (Consumer Defensive) with a 1Y correlation of -0.03, roughly unchanged from 0.02 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tesco PLC | -0.03 | -0.01 | 0.02 | 66 | Consumer Defensive | |
| Greatland Gold plc | 0.25 | 0.13 | 0.13 | 87 | Basic Materials |
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