Looking to balance out your exposure to MKS.L? The ETFs below have the lowest correlation with MKS.L — they tend to move on their own, which can help reduce risk when MKS.L drops. The stock ideas table highlights individual companies that behave independently from MKS.L.
No Diversifiers Found for MKS.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 MKS.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MKS.L and solid risk/return profiles. The least correlated is Tesco PLC (TSCO.L) (Consumer Defensive) with a 1Y correlation of 0.41, roughly unchanged from 0.46 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tesco PLC | 0.41 | 0.45 | 0.46 | 63 | Consumer Defensive |
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