Looking to balance out your exposure to MGNS.L? The ETFs below have the lowest correlation with MGNS.L — they tend to move on their own, which can help reduce risk when MGNS.L drops. The stock ideas table highlights individual companies that behave independently from MGNS.L.
No Diversifiers Found for MGNS.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 MGNS.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MGNS.L and solid risk/return profiles. The least correlated is Keller Group plc (KLR.L) (Industrials) with a 1Y correlation of 0.50, up from 0.39 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Keller Group plc | 0.50 | 0.43 | 0.39 | 89 | Industrials |
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