Looking to balance out your exposure to MGCI.L? The ETFs below have the lowest correlation with MGCI.L — they tend to move on their own, which can help reduce risk when MGCI.L drops. The stock ideas table highlights individual companies that behave independently from MGCI.L.
Best Diversifiers for MGCI.L
3 ETFs have low correlation with MGCI.L (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.L) (Global Equities) with a 1Y correlation of 0.05, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Morningstar Developed Markets Dividend Lead... | 0.05 | 0.07 | 0.07 | 92 | Global Equities, Dividend | MGCI.L vs TDGB.L | |
| L&G Quality Equity Dividends ESG Exclusions Europe... | 0.07 | 0.08 | 0.09 | 80 | Europe Equities | MGCI.L vs LDEG.L | |
| iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | 0.10 | -0.02 | -0.03 | 99 | Ultrashort Bond | MGCI.L vs ERNS.L |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MGCI.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MGCI.L and solid risk/return profiles. The least correlated is British American Tobacco plc (BATS.L) (Consumer Defensive) with a 1Y correlation of 0.02, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| British American Tobacco plc | 0.02 | 0.07 | 0.08 | 78 | Consumer Defensive | |
| The City of London Investment Trust plc | 0.10 | 0.06 | 0.10 | 81 | Financial Services |
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