Looking to diversify beyond MEUD.L? The ETFs below have the lowest correlation with MEUD.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 MEUD.L.
Best Diversifiers for MEUD.L
8 ETFs have low correlation with MEUD.L (below 0.3), 4 of which are negatively correlated. The least correlated is Xtrackers MSCI World Energy UCITS ETF 1C (XDW0.L) (Energy Equities) with a 1Y correlation of -0.15, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Xtrackers MSCI World Energy UCITS ETF 1C | -0.15 | 0.17 | 0.26 | 73 | Energy Equities | MEUD.L vs XDW0.L | |
| iShares S&P 500 Energy Sector UCITS ETF USD (Acc) | -0.12 | 0.13 | 0.26 | 60 | Energy Equities, S&P 500 | MEUD.L vs IUES.L | |
| Amundi Prime US Treasury Bond 0-1 Y UCITS ETF DR U... | -0.11 | -0.09 | -0.14 | 100 | Government Bonds, Ultrashort Bond | MEUD.L vs PR1T.L | |
| Lyxor Smart Overnight Return UCITS ETF C-GBP | -0.03 | -0.03 | -0.02 | 99 | Money Market | MEUD.L vs CSH2.L | |
| Amundi USD Fed Funds Rate UCITS ETF Acc | 0.01 | 0.05 | 0.05 | 99 | Money Market | MEUD.L vs FEDF.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MEUD.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MEUD.L and solid risk/return profiles. The least correlated is BH Macro Limited (BHMG.L) (Financial Services) with a 1Y correlation of 0.09, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BH Macro Limited | 0.09 | 0.10 | 0.08 | 63 | Financial Services | |
| Tesco PLC | 0.09 | 0.19 | 0.27 | 66 | Consumer Defensive | |
| British American Tobacco plc | 0.14 | 0.21 | 0.21 | 79 | Consumer Defensive | |
| National Atomic Co Kazatomprom JSC ADR | 0.16 | 0.20 | 0.24 | 86 | Energy | |
| Rolls-Royce Holdings PLC | 0.49 | 0.47 | 0.49 | 75 | Industrials |
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