Looking to diversify beyond MXWS.L? The ETFs below have the lowest correlation with MXWS.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 MXWS.L.
Best Diversifiers for MXWS.L
1 ETFs have low correlation with MXWS.L (below 0.3), 1 of which are negatively correlated. The least correlated is Invesco Bloomberg Commodity UCITS ETF Acc (CMOP.L) (Commodities) with a 1Y correlation of -0.12, down from 0.12 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Invesco Bloomberg Commodity UCITS ETF Acc | -0.12 | 0.08 | 0.12 | 67 | Commodities | MXWS.L vs CMOP.L | |
| VanEck Morningstar Developed Markets Dividend Lead... | 0.41 | 0.51 | 0.60 | 91 | Global Equities, Dividend | MXWS.L vs TDGB.L | |
| WisdomTree Battery Solutions UCITS ETF - USD Acc | 0.58 | 0.56 | 0.60 | 65 | Alternative Energy Equities, Global Equities | MXWS.L vs CHRG.L | |
| L&G Battery Value-Chain UCITS ETF | 0.61 | 0.61 | 0.66 | 95 | Alternative Energy Equities, Global Equities | MXWS.L vs BATG.L | |
| Vanguard FTSE All-World High Dividend Yield UCITS ... | 0.63 | 0.70 | 0.77 | 86 | Global Equities | MXWS.L vs VHYG.L |
See all 36 diversifiers for MXWS.L
To view more results, upgrade your current subscription plan.
Diversification Analysis
Build a portfolio that complements MXWS.L
Add MXWS.L to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with MXWS.L