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
8 ETFs have low correlation with RAYS.L (below 0.3), 6 of which are negatively correlated. The least correlated is HANetf Alerian Midstream Energy Dividend UCITS ETF (PMLP.L) (Energy Equities) with a 1Y correlation of -0.13, down from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| HANetf Alerian Midstream Energy Dividend UCITS ETF | -0.13 | 0.07 | 0.17 | 59 | Energy Equities | RAYS.L vs PMLP.L | |
| State Street SPDR MSCI World Energy UCITS ETF | -0.10 | 0.13 | — | 52 | Energy Equities | RAYS.L vs ENGW.L | |
| iShares MSCI World Energy Sector UCITS ETF USD (Di... | -0.09 | 0.13 | — | 52 | Energy Equities | RAYS.L vs WENS.L | |
| iShares MSCI Europe Energy Sector UCITS ETF EUR (A... | -0.07 | 0.13 | — | 51 | Energy Equities | RAYS.L vs ESIE.L | |
| iShares MSCI Europe Energy Sector UCITS ETF EUR (D... | -0.06 | 0.16 | — | 52 | Energy Equities | RAYS.L vs EYED.L |
See all 28 diversifiers for RAYS.L
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements RAYS.L
Add RAYS.L to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with RAYS.L