Looking to balance out your exposure to BHMG.L? The ETFs below have the lowest correlation with BHMG.L — they tend to move on their own, which can help reduce risk when BHMG.L drops. The stock ideas table highlights individual companies that behave independently from BHMG.L.
Best Diversifiers for BHMG.L
5 ETFs have low correlation with BHMG.L (below 0.3), 0 of which are negatively correlated. The least correlated is Xtrackers MSCI World Quality Factor UCITS ETF 1C (XDEQ.L) (Global Equities) with a 1Y correlation of 0.04, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Xtrackers MSCI World Quality Factor UCITS ETF 1C | 0.04 | 0.05 | 0.06 | 70 | Global Equities | BHMG.L vs XDEQ.L | |
| iShares MSCI World Small Cap UCITS ETF | 0.10 | 0.12 | 0.10 | 83 | Small Cap Blend Equities | BHMG.L vs WLDS.L | |
| iShares Core MSCI Emerging Markets IMI UCITS ETF (... | 0.10 | 0.06 | 0.01 | 87 | Emerging Markets Equities | BHMG.L vs EMIM.L | |
| JPM Global Equity Multi-Factor UCITS ETF USD Acc | 0.11 | 0.11 | 0.09 | 72 | Global Equities | BHMG.L vs JPGL.L | |
| iShares Edge MSCI World Value Factor UCITS ETF | 0.11 | 0.09 | 0.08 | 97 | Global Equities | BHMG.L vs IWFV.L |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from BHMG.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BHMG.L and solid risk/return profiles. The least correlated is F&C Investment Trust plc (FCIT.L) (Financial Services) with a 1Y correlation of 0.09, roughly unchanged from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| F&C Investment Trust plc | 0.09 | 0.10 | 0.10 | 90 | Financial Services |
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