Looking to diversify beyond MAGG.L? The ETFs below have the lowest correlation with MAGG.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 MAGG.L.
Best Diversifiers for MAGG.L
0 ETFs have low correlation with MAGG.L (below 0.3), 0 of which are negatively correlated. The least correlated is BlackRock ESG Multi-Asset Conservative Portfolio UCITS ETF GBP Hedged (Acc) (MACG.L) (Diversified Portfolio) with a 1Y correlation of 0.67, roughly unchanged from 0.60 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| BlackRock ESG Multi-Asset Conservative Portfolio U... | 0.67 | 0.56 | 0.60 | 61 | Diversified Portfolio | MAGG.L vs MACG.L | |
| iShares S&P 500 Information Technology Sector UCIT... | 0.71 | 0.65 | 0.70 | 68 | Technology Equities, S&P 500 | MAGG.L vs IUIT.L | |
| iShares S&P 500 Information Technology Sector UCIT... | 0.74 | 0.70 | 0.72 | 70 | Technology Equities, S&P 500 | MAGG.L vs IITU.L | |
| iShares Core MSCI EM IMI UCITS ETF | 0.78 | 0.71 | 0.71 | 78 | Emerging Markets Equities | MAGG.L vs EIMI.L | |
| iShares NASDAQ 100 UCITS ETF | 0.79 | 0.76 | 0.76 | 75 | Nasdaq-100 | MAGG.L vs CNDX.L |
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