Looking to diversify beyond MAG7.L? The ETFs below have the lowest correlation with MAG7.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 MAG7.L.
Best Diversifiers for MAG7.L
2 ETFs have low correlation with MAG7.L (below 0.3), 2 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leverage Shares 3x Long Oil & Gas ETP Securities G... | -0.24 | — | — | 56 | Leveraged Equities | MAG7.L vs 3XLE.L | |
| Leverage Shares 3x BP ETP GBX | -0.16 | — | — | 61 | Leveraged Equities | MAG7.L vs 3BP.L | |
| Leverage Shares 3x Apple ETP Securities GBP | 0.33 | — | — | 57 | Leveraged Equities | MAG7.L vs 3AAP.L | |
| Leverage Shares 3x Apple ETC EUR | 0.36 | — | — | 63 | Leveraged Equities | MAG7.L vs 3APE.L | |
| IncomeShares Alphabet (GOOG) Options ETP GBP | 0.41 | — | — | 89 | Derivative Income | MAG7.L vs GOOO.L |
See all 29 diversifiers for MAG7.L
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Diversification Analysis
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