Looking to diversify beyond XNGS.L? The ETFs below have the lowest correlation with XNGS.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 XNGS.L.
Best Diversifiers for XNGS.L
1 ETFs have low correlation with XNGS.L (below 0.3), 1 of which are negatively correlated. The least correlated is Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C (XBCU.L) (Commodities) with a 1Y correlation of -0.01, down from 0.11 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Xtrackers Bloomberg Commodity ex-Agriculture & Liv... | -0.01 | 0.11 | — | 77 | Commodities | XNGS.L vs XBCU.L | |
| Xtrackers MSCI China A ESG Screened Swap UCITS ETF... | 0.34 | 0.30 | — | 83 | China Equities | XNGS.L vs XCNA.L | |
| Xtrackers MSCI Japan ESG Screened UCITS ETF 1D | 0.37 | 0.37 | — | 67 | Japan Equities | XNGS.L vs XDNS.L | |
| KraneShares Electric Vehicles & Future Mobility ES... | 0.41 | 0.42 | 0.50 | 90 | Technology Equities | XNGS.L vs KARP.L | |
| Xtrackers MSCI World Value Factor UCITS ETF 1C | 0.57 | 0.55 | — | 97 | Global Equities | XNGS.L vs XDEV.L |
See all 29 diversifiers for XNGS.L
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