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Next plc (NXT.L) Diversifiers

Equity · Currency in GBp · Last updated Jul 17, 2026

NEXT plc engages in the retail of clothing, beauty, footwear, and home products in the United Kingdom, rest of Europe, the Middle East, Asia, and internationally. The company operates through NEXT Retail; NEXT Online; NEXT Finance; Total Platform; Joules; Property Management; and International Retail, Sourcing, and other segments. It operates through retail stores, online retail platform, and franchise stores. The company also offers consumer credit; NEXT branded products; and women's, men's, children's, homeware, and beauty products under the LABEL brand, and other third-party brands. In addition, it provides property management services, including holding and lease of properties. The company was formerly known as J Hepworth & Son and changed its name to NEXT plc in 1986. NEXT plc was founded in 1864 and is headquartered in Enderby, the United Kingdom.

Looking to balance out your exposure to NXT.L? The ETFs below have the lowest correlation with NXT.L — they tend to move on their own, which can help reduce risk when NXT.L drops. The stock ideas table highlights individual companies that behave independently from NXT.L.

Best Diversifiers for NXT.L

3 ETFs have low correlation with NXT.L (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard ESG Developed Asia Pacific All Cap UCITS ETF USD Accumulating (V3PB.L) (Asia Pacific Equities) with a 1Y correlation of 0.11, down from 0.24 over 3 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
V3PB.L
Vanguard ESG Developed Asia Pacific All Cap UCITS ...0.110.24—
80
Asia Pacific Equities, ESGNXT.L vs V3PB.L
VFEG.L
Vanguard FTSE Emerging Markets UCITS ETF (USD) Acc...0.140.180.24
51
Emerging Markets EquitiesNXT.L vs VFEG.L
VUAG.L
Vanguard S&P 500 UCITS ETF (USD) Accumulating0.140.220.31
79
S&P 500NXT.L vs VUAG.L

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from NXT.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to NXT.L and solid risk/return profiles. The least correlated is Samsung Electronics Co. Ltd (SMSN.L) (Technology) with a 1Y correlation of 0.06, down from 0.18 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
SMSN.L
Samsung Electronics Co. Ltd0.060.080.18
98
Technology
BARC.L
Barclays plc0.240.260.33
85
Financial Services
NWG.L
NatWest Group plc0.290.310.36
80
Financial Services
CCH.L
Coca Cola HBC AG0.300.280.32
77
Consumer Defensive
TSCO.L
Tesco PLC0.330.330.36
71
Consumer Defensive

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Diversification Analysis

Build a portfolio that complements NXT.L

Add NXT.L to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with NXT.L