Looking to balance out your exposure to MEGP.L? The ETFs below have the lowest correlation with MEGP.L — they tend to move on their own, which can help reduce risk when MEGP.L drops. The stock ideas table highlights individual companies that behave independently from MEGP.L.
No Diversifiers Found for MEGP.L
We do not have enough correlation history to rank diversifiers for this symbol yet.
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MEGP.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MEGP.L and solid risk/return profiles. The least correlated is Next plc (NXT.L) (Consumer Cyclical) with a 1Y correlation of 0.20, roughly unchanged from 0.17 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Next plc | 0.20 | 0.21 | 0.17 | 54 | Consumer Cyclical |
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