Looking to diversify beyond RNRU.L? The ETFs below have the lowest correlation with RNRU.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 RNRU.L.
Best Diversifiers for RNRU.L
12 ETFs have low correlation with RNRU.L (below 0.3), 4 of which are negatively correlated. The least correlated is State Street SPDR MSCI World Energy UCITS ETF (ENGW.L) (Energy Equities) with a 1Y correlation of -0.04, down from 0.19 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR MSCI World Energy UCITS ETF | -0.04 | 0.13 | 0.19 | 51 | Energy Equities | RNRU.L vs ENGW.L | |
| iShares MSCI World Energy Sector UCITS ETF USD (Di... | -0.04 | 0.13 | — | 52 | Energy Equities | RNRU.L vs WENS.L | |
| Invesco S&P World Energy Targeted & Screened UCITS... | -0.04 | 0.16 | 0.18 | 56 | Energy Equities | RNRU.L vs WDEE.L | |
| HANetf Alerian Midstream Energy Dividend UCITS ETF | -0.04 | 0.13 | 0.24 | 63 | Energy Equities | RNRU.L vs PMLP.L | |
| Xtrackers MSCI World Energy UCITS ETF 1C | 0.02 | 0.18 | — | 53 | Energy Equities | RNRU.L vs XDW0.L |
See all 24 diversifiers for RNRU.L
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