Looking to diversify beyond TRET.L? The ETFs below have the lowest correlation with TRET.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 TRET.L.
Best Diversifiers for TRET.L
2 ETFs have low correlation with TRET.L (below 0.3), 1 of which are negatively correlated. The least correlated is WisdomTree Brent Crude Oil (BRNT.L) (Oil & Gas) with a 1Y correlation of -0.27, down from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Brent Crude Oil | -0.27 | -0.11 | 0.04 | 61 | Oil & Gas | TRET.L vs BRNT.L | |
| VanEck Semiconductor UCITS ETF | 0.17 | 0.24 | 0.38 | 97 | Semiconductors, Technology Equities | TRET.L vs SMGB.L | |
| WisdomTree New Economy Real Estate UCITS ETF USD A... | 0.44 | 0.70 | — | 71 | REIT | TRET.L vs WTNR.L | |
| WisdomTree New Economy Real Estate UCITS ETF USD D... | 0.46 | 0.71 | — | 72 | REIT | TRET.L vs WNEW.L | |
| VanEck Morningstar Developed Markets Dividend Lead... | 0.55 | 0.56 | 0.59 | 91 | Global Equities, Dividend | TRET.L vs TDGB.L |
Diversification Analysis
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