Looking to balance out your exposure to NWG.L? The ETFs below have the lowest correlation with NWG.L — they tend to move on their own, which can help reduce risk when NWG.L drops. The stock ideas table highlights individual companies that behave independently from NWG.L.
Best Diversifiers for NWG.L
0 ETFs have low correlation with NWG.L (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Core FTSE 100 UCITS ETF (Dist) (ISF.L) (Europe Equities) with a 1Y correlation of 0.65, roughly unchanged from 0.60 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core FTSE 100 UCITS ETF (Dist) | 0.65 | 0.60 | 0.60 | 56 | Europe Equities | NWG.L vs ISF.L |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from NWG.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NWG.L and solid risk/return profiles. The least correlated is Ithaca Energy plc (ITH.L) (Energy) with a 1Y correlation of -0.17, down from 0.04 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Ithaca Energy plc | -0.17 | 0.04 | — | 80 | Energy | |
| Tesco PLC | 0.16 | 0.18 | 0.23 | 66 | Consumer Defensive | |
| Lloyds Banking Group plc | 0.85 | 0.74 | 0.77 | 75 | Financial Services |
Build a portfolio that complements NWG.L
Add NWG.L to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with NWG.L