Looking to diversify beyond MAGD.L? The ETFs below have the lowest correlation with MAGD.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 MAGD.L.
Best Diversifiers for MAGD.L
0 ETFs have low correlation with MAGD.L (below 0.3), 0 of which are negatively correlated. The least correlated is HSBC MSCI World UCITS ETF (HMWD.L) (Global Equities) with a 1Y correlation of 0.52, roughly unchanged from 0.52 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| HSBC MSCI World UCITS ETF | 0.52 | 0.52 | 0.52 | 70 | Global Equities | MAGD.L vs HMWD.L |
Diversification Analysis
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