Looking to diversify beyond MRN3.L? The ETFs below have the lowest correlation with MRN3.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 MRN3.L.
Best Diversifiers for MRN3.L
22 ETFs have low correlation with MRN3.L (below 0.3), 2 of which are negatively correlated. The least correlated is Leverage Shares 3x BP ETP GBX (3BP.L) (Leveraged Equities) with a 1Y correlation of -0.03, roughly unchanged from 0.06 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Leverage Shares 3x BP ETP GBX | -0.03 | 0.06 | — | 61 | Leveraged Equities | MRN3.L vs 3BP.L | |
| Leverage Shares 3x Long Oil & Gas ETP Securities G... | -0.01 | 0.09 | — | 56 | Leveraged Equities | MRN3.L vs 3XLE.L | |
| Leverage Shares 3x Apple ETP Securities GBP | 0.13 | 0.13 | — | 57 | Leveraged Equities | MRN3.L vs 3AAP.L | |
| Leverage Shares 3x Alphabet ETC GBP | 0.13 | 0.14 | 0.15 | 96 | Leveraged Equities | MRN3.L vs 3GOO.L | |
| Leverage Shares 3x Apple ETC EUR | 0.14 | 0.14 | — | 63 | Leveraged Equities | MRN3.L vs 3APE.L |
See all 26 diversifiers for MRN3.L
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