Looking to diversify beyond MWEP.L? The ETFs below have the lowest correlation with MWEP.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 MWEP.L.
Best Diversifiers for MWEP.L
0 ETFs have low correlation with MWEP.L (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco Technology S&P US Select Sector UCITS ETF GBP Acc (XLKQ.L) (Technology Equities) with a 1Y correlation of 0.40, roughly unchanged from 0.48 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Technology S&P US Select Sector UCITS ETF ... | 0.40 | 0.48 | 0.48 | 73 | Technology Equities | MWEP.L vs XLKQ.L | |
| Scottish Mortgage Investment Trust plc | 0.47 | — | — | 79 | Global Equities | MWEP.L vs SMT.L | |
| WisdomTree Battery Solutions UCITS ETF - USD Acc | 0.49 | — | — | 65 | Alternative Energy Equities, Global Equities | MWEP.L vs CHRG.L | |
| Invesco EQQQ NASDAQ-100 UCITS ETF | 0.51 | 0.56 | 0.56 | 78 | Nasdaq-100 | MWEP.L vs EQQQ.L | |
| Invesco EQQQ Nasdaq-100 UCITS ETF GBP Hdg Acc | 0.51 | 0.55 | 0.55 | 73 | Nasdaq-100 | MWEP.L vs EQGB.L |
See all 29 diversifiers for MWEP.L
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