Looking to diversify beyond RENG.L? The ETFs below have the lowest correlation with RENG.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 RENG.L.
Best Diversifiers for RENG.L
17 ETFs have low correlation with RENG.L (below 0.3), 14 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 -0.12, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Xtrackers MSCI USA Energy UCITS ETF 1D | -0.12 | 0.13 | 0.23 | 51 | Energy Equities | RENG.L vs XSEN.L | |
| L&G All Commodities UCITS ETF | -0.11 | 0.02 | 0.08 | 65 | Commodities | RENG.L vs BCOG.L | |
| State Street SPDR S&P U.S. Energy Select Sector UC... | -0.11 | 0.15 | 0.24 | 58 | Energy Equities | RENG.L vs SXLE.L | |
| Invesco US Energy Sector UCITS ETF | -0.10 | 0.14 | 0.23 | 53 | Energy Equities | RENG.L vs XLEP.L | |
| SPDR S&P US Energy Select Sector UCITS ETF | -0.10 | 0.14 | 0.21 | 54 | Energy Equities | RENG.L vs GXLE.L |
See all 41 diversifiers for RENG.L
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