Looking to diversify beyond RAYG.L? The ETFs below have the lowest correlation with RAYG.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 RAYG.L.
Best Diversifiers for RAYG.L
15 ETFs have low correlation with RAYG.L (below 0.3), 12 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 -0.11, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Xtrackers MSCI USA Energy UCITS ETF 1D | -0.11 | 0.09 | 0.13 | 54 | Energy Equities | RAYG.L vs XSEN.L | |
| iShares MSCI Europe Energy Sector UCITS ETF EUR (A... | -0.10 | 0.13 | — | 78 | Energy Equities | RAYG.L vs ESIE.L | |
| SPDR MSCI Europe Energy UCITS ETF | -0.09 | 0.15 | 0.17 | 78 | Energy Equities | RAYG.L vs ENGE.L | |
| iShares MSCI Europe Energy Sector UCITS ETF EUR (D... | -0.09 | 0.15 | — | 78 | Energy Equities | RAYG.L vs EYED.L | |
| Invesco S&P World Energy Targeted & Screened UCITS... | -0.08 | 0.18 | — | 66 | Energy Equities | RAYG.L vs WDEE.L |
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Diversification Analysis
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