Looking to balance out your exposure to LIGHT.AS? The ETFs below have the lowest correlation with LIGHT.AS — they tend to move on their own, which can help reduce risk when LIGHT.AS drops. The stock ideas table highlights individual companies that behave independently from LIGHT.AS.
Best Diversifiers for LIGHT.AS
0 ETFs have low correlation with LIGHT.AS (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS) (Global Equities) with a 1Y correlation of 0.37, roughly unchanged from 0.44 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core MSCI World UCITS ETF USD (Acc) | 0.37 | 0.35 | 0.44 | 71 | Global Equities | LIGHT.AS vs IWDA.AS |
Diversification Analysis
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