Looking to diversify beyond MLPD.L? The ETFs below have the lowest correlation with MLPD.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 MLPD.L.
Best Diversifiers for MLPD.L
30 ETFs have low correlation with MLPD.L (below 0.3), 9 of which are negatively correlated. The least correlated is Global X Solar UCITS ETF USD Accumulating (RAYG.L) (Energy Equities) with a 1Y correlation of -0.06, down from 0.20 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Global X Solar UCITS ETF USD Accumulating | -0.06 | 0.16 | 0.20 | 84 | Energy Equities | MLPD.L vs RAYG.L | |
| iShares S&P 500 Information Technology Sector UCIT... | -0.05 | 0.14 | 0.24 | 71 | Technology Equities, S&P 500 | MLPD.L vs IUIT.L | |
| Invesco Solar Energy UCITS ETF Acc | -0.05 | 0.17 | — | 89 | Energy Equities | MLPD.L vs ISUN.L | |
| Xtrackers IE Physical Silver ETC Securities | -0.05 | 0.13 | 0.20 | 52 | Silver, Precious Metals | MLPD.L vs XSLR.L | |
| Invesco Technology S&P US Select Sector UCITS ETF ... | -0.04 | 0.14 | 0.24 | 75 | Technology Equities | MLPD.L vs XLKQ.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MLPD.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MLPD.L and solid risk/return profiles. The least correlated is Blackrock World Mining Trust plc (BRWM.L) (Financial Services) with a 1Y correlation of -0.07, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Blackrock World Mining Trust plc | -0.07 | 0.17 | 0.28 | 92 | Financial Services | |
| British American Tobacco plc | 0.14 | 0.16 | 0.20 | 80 | Consumer Defensive |
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