Looking to balance out your exposure to MNG.L? The ETFs below have historically moved differently from MNG.L, which may reduce portfolio volatility when combined in a suitable allocation. The stock ideas table highlights individual companies with the same low-correlation characteristics. Correlation can change and does not guarantee that one asset will rise when another falls.
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 0.42, roughly unchanged from 0.43 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard FTSE All-World UCITS ETF Distributing | 0.42 | 0.42 | 0.43 | 75 | Global Equities | MNG.L vs VWRL.L | |
| Vanguard FTSE 100 UCITS ETF Distributing | 0.55 | 0.58 | 0.58 | 79 | Europe Equities | MNG.L vs VUKE.L |
Low-Correlation Stock Ideas
The table shows companies with at least $1B in market capitalization, historical correlation data for MNG.L, and a Risk / Return Rank of 50 or higher. Treat them as research candidates rather than evidence that they will offset a future decline. The least correlated is BP plc (BP.L) (Energy) with a 1Y correlation of -0.13, down from 0.21 over 5 years.
How candidates are selected| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BP plc | -0.13 | 0.09 | 0.21 | 80 | Energy | |
| Bunzl plc | 0.04 | 0.22 | 0.24 | 76 | Consumer Defensive | |
| Tesco PLC | 0.16 | 0.21 | 0.26 | 69 | Consumer Defensive | |
| BAE Systems plc | 0.17 | 0.19 | 0.15 | 61 | Industrials | |
| British American Tobacco plc | 0.17 | 0.22 | 0.22 | 69 | Consumer Defensive |
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