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
2 ETFs have low correlation with URNG.L (below 0.3), 1 of which are negatively correlated. The least correlated is SPDR S&P US Energy Select Sector UCITS ETF (GXLE.L) (Energy Equities) with a 1Y correlation of -0.14, down from 0.14 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR S&P US Energy Select Sector UCITS ETF | -0.14 | 0.14 | — | 56 | Energy Equities | URNG.L vs GXLE.L | |
| Global X NASDAQ 100 Covered Call UCITS ETF Dis GBP | 0.26 | 0.27 | — | 71 | Nasdaq-100, Options Trading | URNG.L vs QYLP.L | |
| Global X Genomics & Biotechnology UCITS ETF | 0.31 | 0.29 | — | 62 | Health & Biotech Equities | URNG.L vs GNOG.L | |
| Global X Solar UCITS ETF USD Accumulating | 0.34 | 0.29 | — | 80 | Energy Equities | URNG.L vs RAYG.L | |
| Global X Wind Energy UCITS ETF USD Accumulating | 0.39 | 0.30 | — | 74 | Energy Equities | URNG.L vs WNDG.L |
See all 25 diversifiers for URNG.L
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