Looking to diversify beyond MLPP.L? The ETFs below have the lowest correlation with MLPP.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 MLPP.L.
Best Diversifiers for MLPP.L
29 ETFs have low correlation with MLPP.L (below 0.3), 21 of which are negatively correlated. The least correlated is Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc (EQGB.L) (Nasdaq-100) with a 1Y correlation of -0.17, down from 0.10 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc | -0.17 | 0.03 | 0.10 | 73 | Nasdaq-100 | MLPP.L vs EQGB.L | |
| iShares Core MSCI EM IMI UCITS ETF | -0.13 | 0.10 | 0.17 | 78 | Emerging Markets Equities | MLPP.L vs EIMI.L | |
| iShares Core MSCI Emerging Markets IMI UCITS ETF (... | -0.12 | 0.13 | 0.18 | 87 | Emerging Markets Equities | MLPP.L vs EMIM.L | |
| Global X Solar UCITS ETF USD Accumulating | -0.12 | 0.10 | 0.15 | 80 | Energy Equities | MLPP.L vs RAYG.L | |
| Invesco Solar Energy UCITS ETF Acc | -0.11 | 0.11 | 0.18 | 89 | Energy Equities | MLPP.L vs RAYS.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MLPP.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MLPP.L and solid risk/return profiles. The least correlated is Legal & General Group plc (LGEN.L) (Financial Services) with a 1Y correlation of -0.13, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Legal & General Group plc | -0.13 | 0.07 | 0.13 | 63 | Financial Services | |
| JP Morgan Global Growth & Income plc | -0.01 | 0.22 | 0.24 | 76 | Financial Services |
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