Looking to diversify beyond MVEW.L? The ETFs below have the lowest correlation with MVEW.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 MVEW.L.
Best Diversifiers for MVEW.L
26 ETFs have low correlation with MVEW.L (below 0.3), 2 of which are negatively correlated. The least correlated is WisdomTree Battery Solutions UCITS ETF - USD Acc (CHRG.L) (Alternative Energy Equities) with a 1Y correlation of -0.04, down from 0.26 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| WisdomTree Battery Solutions UCITS ETF - USD Acc | -0.04 | 0.15 | 0.26 | 65 | Alternative Energy Equities, Global Equities | MVEW.L vs CHRG.L | |
| L&G Battery Value-Chain UCITS ETF | -0.00 | 0.18 | 0.30 | 95 | Alternative Energy Equities, Global Equities | MVEW.L vs BATG.L | |
| iShares S&P 500 Information Technology Sector UCIT... | 0.03 | 0.23 | 0.41 | 70 | Technology Equities, S&P 500 | MVEW.L vs IITU.L | |
| iShares S&P 500 Information Technology Sector UCIT... | 0.06 | 0.21 | 0.42 | 68 | Technology Equities, S&P 500 | MVEW.L vs IUIT.L | |
| Scottish Mortgage Investment Trust plc | 0.08 | 0.25 | 0.35 | 79 | Global Equities | MVEW.L vs SMT.L |
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