Looking to diversify beyond MXFP.L? The ETFs below have the lowest correlation with MXFP.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 MXFP.L.
Best Diversifiers for MXFP.L
0 ETFs have low correlation with MXFP.L (below 0.3), 0 of which are negatively correlated. The least correlated is Invesco S&P 500 UCITS ETF (SPXP.L) (S&P 500) with a 1Y correlation of 0.59, roughly unchanged from 0.53 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco S&P 500 UCITS ETF | 0.59 | 0.53 | 0.53 | 83 | S&P 500 | MXFP.L vs SPXP.L | |
| Invesco FTSE All-World UCITS ETF Acc | 0.60 | 0.53 | 0.53 | 86 | Global Equities | MXFP.L vs FWRG.L | |
| Invesco FTSE EM High Dividend Low Volatility UCITS... | 0.60 | 0.69 | 0.67 | 79 | Emerging Markets Equities | MXFP.L vs HDEM.L | |
| Invesco Technology S&P US Select Sector UCITS ETF ... | 0.61 | 0.52 | 0.52 | 73 | Technology Equities | MXFP.L vs XLKQ.L | |
| Invesco FTSE Emerging Markets High Dividend Low Vo... | 0.62 | 0.72 | 0.72 | 63 | Emerging Markets Equities | MXFP.L vs EMHD.L |
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