Looking to balance out your exposure to MNTN.L? The ETFs below have the lowest correlation with MNTN.L — they tend to move on their own, which can help reduce risk when MNTN.L drops. The stock ideas table highlights individual companies that behave independently from MNTN.L.
Best Diversifiers for MNTN.L
1 ETFs have low correlation with MNTN.L (below 0.3), 0 of which are negatively correlated. The least correlated is Scottish Mortgage Investment Trust plc (SMT.L) (Global Equities) with a 1Y correlation of 0.16, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Scottish Mortgage Investment Trust plc | 0.16 | 0.13 | 0.06 | 79 | Global Equities | MNTN.L vs SMT.L |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MNTN.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MNTN.L and solid risk/return profiles. The least correlated is Herald Investment Trust (HRI.L) (Financial Services) with a 1Y correlation of 0.14, roughly unchanged from 0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Herald Investment Trust | 0.14 | 0.12 | 0.06 | 90 | Financial Services |
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