Looking to diversify beyond MLPS.L? The ETFs below have the lowest correlation with MLPS.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 MLPS.L.
Best Diversifiers for MLPS.L
20 ETFs have low correlation with MLPS.L (below 0.3), 17 of which are negatively correlated. The least correlated is iShares Core MSCI Japan IMI UCITS ETF (SJPA.L) (Japan Equities) with a 1Y correlation of -0.13, down from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares Core MSCI Japan IMI UCITS ETF | -0.13 | 0.12 | 0.22 | 63 | Japan Equities, Asia Pacific Equities | MLPS.L vs SJPA.L | |
| Franklin AC Asia ex Japan UCITS ETF | -0.09 | 0.10 | 0.21 | 80 | Asia Pacific Equities | MLPS.L vs FRQX.L | |
| Invesco EQQQ NASDAQ-100 UCITS ETF | -0.08 | 0.15 | 0.26 | 51 | Nasdaq-100 | MLPS.L vs EQQU.L | |
| Invesco FTSE All-World UCITS ETF Acc | -0.08 | 0.21 | — | 75 | Global Equities | MLPS.L vs FWRG.L | |
| Invesco Dow Jones Islamic Global Developed Markets... | -0.07 | 0.20 | — | 61 | Global Equities | MLPS.L vs IGDA.L |
See all 36 diversifiers for MLPS.L
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