Looking to balance out your exposure to MONY.L? The ETFs below have the lowest correlation with MONY.L — they tend to move on their own, which can help reduce risk when MONY.L drops. The stock ideas table highlights individual companies that behave independently from MONY.L.
Best Diversifiers for MONY.L
0 ETFs have low correlation with MONY.L (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard FTSE 100 UCITS ETF Distributing (VUKE.L) (Europe Equities) with a 1Y correlation of 0.30, down from 0.41 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard FTSE 100 UCITS ETF Distributing | 0.30 | 0.44 | 0.41 | 53 | Europe Equities | MONY.L vs VUKE.L |
Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MONY.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MONY.L and solid risk/return profiles. The least correlated is BP plc (BP.L) (Energy) with a 1Y correlation of -0.05, down from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| BP plc | -0.05 | 0.11 | 0.07 | 86 | Energy | |
| Tesco PLC | 0.03 | 0.13 | 0.19 | 63 | Consumer Defensive | |
| National Grid plc | 0.08 | 0.17 | 0.16 | 67 | Utilities | |
| British American Tobacco plc | 0.08 | 0.11 | 0.11 | 80 | Consumer Defensive | |
| Coca Cola HBC AG | 0.10 | 0.17 | 0.21 | 52 | Consumer Defensive |
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