Looking to balance out your exposure to MNG.L? The ETFs below have the lowest correlation with MNG.L — they tend to move on their own, which can help reduce risk when MNG.L drops. The stock ideas table highlights individual companies that behave independently from MNG.L.
Best Diversifiers for MNG.L
0 ETFs have low correlation with MNG.L (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard FTSE All-World UCITS ETF Distributing (VWRL.L) (Global Equities) with a 1Y correlation of 0.40, roughly unchanged from 0.42 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard FTSE All-World UCITS ETF Distributing | 0.40 | 0.42 | 0.42 | 86 | Global Equities | MNG.L vs VWRL.L | |
| Vanguard FTSE 100 UCITS ETF Distributing | 0.56 | 0.58 | 0.59 | 60 | Europe Equities | MNG.L vs VUKE.L |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MNG.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MNG.L and solid risk/return profiles. The least correlated is BP plc (BP.L) (Energy) with a 1Y correlation of -0.14, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BP plc | -0.14 | 0.12 | 0.23 | 88 | Energy | |
| Bunzl plc | 0.05 | 0.23 | 0.25 | 55 | Consumer Defensive | |
| Glencore plc | 0.18 | 0.28 | 0.30 | 96 | Basic Materials | |
| British American Tobacco plc | 0.19 | 0.23 | 0.22 | 78 | Consumer Defensive | |
| National Grid plc | 0.19 | 0.23 | 0.18 | 71 | Utilities |
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