Looking to diversify beyond MIBX.L? The ETFs below have the lowest correlation with MIBX.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 MIBX.L.
Best Diversifiers for MIBX.L
2 ETFs have low correlation with MIBX.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 -0.01, roughly unchanged from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lyxor Smart Overnight Return UCITS ETF C-GBP | -0.01 | -0.01 | 0.00 | 99 | Money Market | MIBX.L vs CSH2.L | |
| JPMorgan Eurozone Research Enhanced Index Equity (... | 0.29 | 0.25 | 0.25 | 99 | Europe Equities | MIBX.L vs JRDZ.L | |
| Amundi S&P 500 Swap UCITS ETF USD Acc | 0.44 | 0.41 | 0.50 | 82 | S&P 500 | MIBX.L vs 500G.L | |
| Amundi Nasdaq-100 UCITS USD | 0.45 | 0.40 | 0.44 | 76 | Nasdaq-100 | MIBX.L vs ANXU.L | |
| UBS ETF (LU) Factor MSCI EMU Prime Value UCITS ETF... | 0.48 | 0.32 | 0.28 | 90 | Europe Equities | MIBX.L vs UD03.L |
See all 27 diversifiers for MIBX.L
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Diversification Analysis
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