Looking to diversify beyond MCTS.L? The ETFs below have the lowest correlation with MCTS.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 MCTS.L.
Best Diversifiers for MCTS.L
2 ETFs have low correlation with MCTS.L (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco European Banks Sector UCITS ETF (X7PP.L) (Financials Equities) with a 1Y correlation of 0.20, roughly unchanged from 0.28 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco European Banks Sector UCITS ETF | 0.20 | 0.28 | — | 56 | Financials Equities | MCTS.L vs X7PP.L | |
| Invesco S&P 500 UCITS ETF | 0.30 | 0.22 | 0.28 | 83 | S&P 500 | MCTS.L vs SPXP.L | |
| Invesco FTSE All-World UCITS ETF Acc | 0.31 | — | — | 86 | Global Equities | MCTS.L vs FWRG.L | |
| Invesco Technology S&P US Select Sector UCITS ETF ... | 0.32 | 0.22 | 0.28 | 73 | Technology Equities | MCTS.L vs XLKQ.L | |
| Xtrackers MSCI USA Information Technology UCITS ET... | 0.32 | 0.21 | — | 70 | Technology Equities | MCTS.L vs XSTC.L |
See all 27 diversifiers for MCTS.L
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