Melrose Industries plc (MRO.L) Diversifiers

Equity · Currency in GBp · Last updated Jun 5, 2026

Melrose Industries plc, together with its subsidiaries, engages in the aerospace, automotive, powder metallurgy, and other industrial businesses in the United Kingdom, rest of Europe, North America, and internationally. Its Aerospace segment provides airframe and engine structures, and electrical interconnection systems for the aerospace industry in civil airframe and defense platforms. The company's Automotive segment designs, develops, manufactures, and integrates driveline technologies, including electric vehicle components. Its Powder Metallurgy segment offers precision powder metal parts for the automotive and industrial sectors; and metal powder for powder metallurgy, as well as commercializes additive manufacturing. The company's Other Industrial segment designs, manufactures, and distributes ergonomic products for use in a various working, learning, and healthcare environments; and offers metal hydride hydrogen storage solutions for use in a range of industrial and commercial applications. The company was formerly known as New Melrose Industries plc and changed its name to Melrose Industries plc in November 2015. Melrose Industries plc was founded in 2003 and is headquartered in London, the United Kingdom.

Looking to balance out your exposure to MRO.L? The ETFs below have the lowest correlation with MRO.L — they tend to move on their own, which can help reduce risk when MRO.L drops. The stock ideas table highlights individual companies that behave independently from MRO.L.

No Diversifiers Found for MRO.L

We do not have enough correlation history to rank diversifiers for this symbol yet.

Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from MRO.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MRO.L and solid risk/return profiles. The least correlated is Serco Group (SRP.L) (Industrials) with a 1Y correlation of 0.21, roughly unchanged from 0.30 over 5 years.

Symbol	Name	Correlation 1Y	Correlation 3Y	Correlation 5Y	Risk / Return Rank	Sector
SRP.L	Serco Group	0.21	0.25	0.31	80	Industrials
SNR.L	Senior PLC	0.35	0.32	0.39	89	Industrials
SMIN.L	Smiths Group PLC	0.42	0.44	0.48	59	Industrials
RR.L	Rolls-Royce Holdings PLC	0.57	0.51	0.52	75	Industrials

Diversification Analysis

Build a portfolio that complements MRO.L

Add MRO.L to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.

Analyze a portfolio with MRO.L