Looking to diversify beyond MTRL.L? The ETFs below have the lowest correlation with MTRL.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 MTRL.L.
Best Diversifiers for MTRL.L
1 ETFs have low correlation with MTRL.L (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Space Innovators UCITS ETF (JEDG.L) (Industrials Equities) with a 1Y correlation of 0.29, roughly unchanged from 0.38 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Space Innovators UCITS ETF | 0.29 | 0.38 | — | 53 | Industrials Equities | MTRL.L vs JEDG.L | |
| SPDR S&P 500 UCITS ETF | 0.39 | 0.38 | 0.47 | 73 | S&P 500 | MTRL.L vs SPX5.L | |
| State Street SPDR S&P 500 UCITS ETF (Dist) | 0.44 | 0.42 | 0.49 | 71 | S&P 500 | MTRL.L vs SPY5.L | |
| SPDR S&P 500 UCITS ETF USD Acc | 0.44 | — | — | 71 | S&P 500 | MTRL.L vs SPYL.L | |
| iShares MSCI Korea UCITS ETF (Acc) | 0.46 | 0.44 | 0.47 | 93 | South Korea Equities, Asia Pacific Equities | MTRL.L vs CSKR.L |
See all 13 diversifiers for MTRL.L
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