Looking to balance out your exposure to MTL.L? The ETFs below have the lowest correlation with MTL.L — they tend to move on their own, which can help reduce risk when MTL.L drops. The stock ideas table highlights individual companies that behave independently from MTL.L.
No Diversifiers Found for MTL.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 MTL.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MTL.L and solid risk/return profiles. The least correlated is Greatland Gold plc (GGP.L) (Basic Materials) with a 1Y correlation of 0.23, up from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Greatland Gold plc | 0.23 | 0.12 | 0.09 | 87 | Basic Materials | |
| Fresnillo plc | 0.31 | 0.19 | 0.15 | 91 | Basic Materials |
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