Looking to diversify beyond URNG.L? The ETFs below have the lowest correlation with URNG.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 URNG.L.
Best Diversifiers for URNG.L
1 ETFs have low correlation with URNG.L (below 0.3), 0 of which are negatively correlated. The least correlated is Global X SuperDividend UCITS ETF USD Distributing (SDIP.L) (Dividend) with a 1Y correlation of 0.29, roughly unchanged from 0.36 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X SuperDividend UCITS ETF USD Distributing | 0.29 | 0.36 | — | 85 | Dividend | URNG.L vs SDIP.L | |
| Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP | 0.32 | 0.29 | — | 91 | Nasdaq-100, Options Trading | URNG.L vs QYLP.L | |
| Global X Solar UCITS ETF USD Accumulating | 0.33 | 0.29 | — | 68 | Energy Equities | URNG.L vs RAYG.L | |
| Global X Genomics & Biotechnology UCITS ETF | 0.33 | 0.27 | — | 82 | Health & Biotech Equities | URNG.L vs GNOG.L | |
| Global X Renewable Energy Producers UCITS ETF USD ... | 0.41 | 0.31 | — | 86 | Energy Equities | URNG.L vs RNRU.L |
See all 22 diversifiers for URNG.L
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