Looking to diversify beyond MWOZ.L? The ETFs below have the lowest correlation with MWOZ.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 MWOZ.L.
Best Diversifiers for MWOZ.L
1 ETFs have low correlation with MWOZ.L (below 0.3), 0 of which are negatively correlated. The least correlated is Lyxor Smart Overnight Return UCITS ETF C-GBP (CSH2.L) (Money Market) with a 1Y correlation of 0.04, roughly unchanged from 0.03 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Lyxor Smart Overnight Return UCITS ETF C-GBP | 0.04 | 0.03 | 0.03 | 99 | Money Market | MWOZ.L vs CSH2.L | |
| VanEck Morningstar Developed Markets Dividend Lead... | 0.40 | 0.45 | 0.45 | 91 | Global Equities, Dividend | MWOZ.L vs TDGB.L | |
| SPDR S&P Global Dividend Aristocrats UCITS | 0.42 | 0.44 | 0.44 | 65 | Global Equities, Dividend | MWOZ.L vs GBDV.L | |
| Lyxor EURO STOXX Banks (DR) UCITS ETF - Acc | 0.50 | 0.51 | 0.51 | 55 | Financials Equities | MWOZ.L vs BNKE.L | |
| WisdomTree Battery Solutions UCITS ETF - USD Acc | 0.55 | — | — | 65 | Alternative Energy Equities, Global Equities | MWOZ.L vs CHRG.L |
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