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NatWest Group plc (NWG.L) Diversifiers

Equity · Currency in GBp · Last updated Jul 16, 2026

NatWest Group plc, together with its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers in the United Kingdom and internationally. It operates through Retail Banking, Private Banking, and Commercial & Institutional segments. The Retail Banking segment offers a range of banking products and related financial services, such as current accounts, mortgages, personal unsecured lending, and personal deposits, as well as mobile and online banking services. The Private Banking segment provides private banking and wealth management products for high-net-worth individuals and their business interests. The Commercial & Institutional segment offers banking and financial solutions to large corporate organisations, multi-nationals, and financial institutions. The company was formerly known as The Royal Bank of Scotland Group plc and changed its name to NatWest Group plc in July 2020. NatWest Group plc was founded in 1727 and is headquartered in Edinburgh, the United Kingdom.

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 Vanguard S&P 500 UCITS ETF (USD) Accumulating (VUAG.L) (S&P 500) with a 1Y correlation of 0.30, roughly unchanged from 0.29 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
VUAG.L
Vanguard S&P 500 UCITS ETF (USD) Accumulating0.300.280.29
72
S&P 500NWG.L vs VUAG.L
VFEG.L
Vanguard FTSE Emerging Markets UCITS ETF (USD) Acc...0.320.320.33
52
Emerging Markets EquitiesNWG.L vs VFEG.L
V3PB.L
Vanguard ESG Developed Asia Pacific All Cap UCITS ...0.380.38—
85
Asia Pacific Equities, ESGNWG.L vs V3PB.L
ISF.L
iShares Core FTSE 100 UCITS ETF (Dist)0.650.600.60
69
Europe EquitiesNWG.L vs ISF.L

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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 -0.16, down from 0.03 over 3 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
ITH.L
Ithaca Energy plc-0.160.03—
69
Energy
TSCO.L
Tesco PLC0.100.150.22
70
Consumer Defensive
NG.L
National Grid plc0.140.140.10
75
Utilities
CWK.L
Cranswick plc0.180.180.22
57
Consumer Defensive
SMSN.L
Samsung Electronics Co. Ltd0.280.230.25
98
Technology
See all 9 low-correlation stocks for NWG.L

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Diversification Analysis

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