Looking to diversify beyond MEUG.L? The ETFs below have the lowest correlation with MEUG.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 MEUG.L.
Best Diversifiers for MEUG.L
1 ETFs have low correlation with MEUG.L (below 0.3), 1 of which are negatively correlated. The least correlated is Lyxor Smart Overnight Return UCITS ETF C-GBP (CSH2.L) (Money Market) with a 1Y correlation of -0.04, roughly unchanged from 0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lyxor Smart Overnight Return UCITS ETF C-GBP | -0.04 | 0.00 | 0.01 | 99 | Money Market | MEUG.L vs CSH2.L | |
| JPMorgan Eurozone Research Enhanced Index Equity (... | 0.38 | 0.28 | 0.28 | 99 | Europe Equities | MEUG.L vs JRDZ.L | |
| Amundi S&P 500 Swap UCITS ETF USD Acc | 0.50 | 0.35 | 0.33 | 82 | S&P 500 | MEUG.L vs 500G.L | |
| Amundi Nasdaq-100 UCITS USD | 0.54 | 0.34 | 0.33 | 76 | Nasdaq-100 | MEUG.L vs ANXU.L | |
| UBS ETF (LU) Factor MSCI EMU Prime Value UCITS ETF... | 0.56 | 0.34 | 0.27 | 90 | Europe Equities | MEUG.L vs UD03.L |
See all 24 diversifiers for MEUG.L
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements MEUG.L
Add MEUG.L to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MEUG.L