Looking to diversify beyond XNAQ.L? The ETFs below have the lowest correlation with XNAQ.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 XNAQ.L.
Best Diversifiers for XNAQ.L
8 ETFs have low correlation with XNAQ.L (below 0.3), 1 of which are negatively correlated. The least correlated is Xtrackers II GBP Overnight Rate Swap UCITS ETF 1D (XSTR.L) (Money Market) with a 1Y correlation of -0.05, roughly unchanged from -0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Xtrackers II GBP Overnight Rate Swap UCITS ETF 1D | -0.05 | -0.03 | -0.00 | 81 | Money Market | XNAQ.L vs XSTR.L | |
| Xtrackers MSCI Europe Utilities ESG Screened UCITS... | 0.04 | 0.01 | 0.14 | 65 | Utilities Equities | XNAQ.L vs XS6R.L | |
| VanEck Morningstar Developed Markets Dividend Lead... | 0.06 | 0.18 | 0.29 | 94 | Global Equities, Dividend | XNAQ.L vs TDGB.L | |
| Xtrackers II US Treasuries 1-3 UCITS ETF 1D | 0.12 | 0.13 | 0.05 | 91 | Government Bonds, Short-Term Bond | XNAQ.L vs XUT3.L | |
| Xtrackers USD Corporate Bond Short Duration SRI PA... | 0.16 | 0.17 | 0.12 | 76 | Corporate Bonds | XNAQ.L vs XYLD.L |
See all 108 diversifiers for XNAQ.L
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