Looking to diversify beyond RAYS.L? The ETFs below have the lowest correlation with RAYS.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 RAYS.L.
Best Diversifiers for RAYS.L
17 ETFs have low correlation with RAYS.L (below 0.3), 14 of which are negatively correlated. The least correlated is SPDR S&P US Energy Select Sector UCITS ETF (GXLE.L) (Energy Equities) with a 1Y correlation of -0.15, down from 0.09 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR S&P US Energy Select Sector UCITS ETF | -0.15 | 0.09 | — | 56 | Energy Equities | RAYS.L vs GXLE.L | |
| Invesco US Energy Sector UCITS ETF | -0.15 | 0.09 | — | 57 | Energy Equities | RAYS.L vs XLEP.L | |
| Xtrackers MSCI USA Energy UCITS ETF 1D | -0.15 | 0.09 | 0.15 | 54 | Energy Equities | RAYS.L vs XSEN.L | |
| SPDR MSCI World Energy UCITS ETF | -0.13 | 0.14 | — | 66 | Energy Equities | RAYS.L vs ENGW.L | |
| iShares MSCI World Energy Sector UCITS ETF USD (Di... | -0.12 | 0.14 | — | 59 | Energy Equities | RAYS.L vs WENS.L |
See all 35 diversifiers for RAYS.L
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