Looking to balance out your exposure to MYI.L? The ETFs below have the lowest correlation with MYI.L — they tend to move on their own, which can help reduce risk when MYI.L drops. The stock ideas table highlights individual companies that behave independently from MYI.L.
Best Diversifiers for MYI.L
0 ETFs have low correlation with MYI.L (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Semiconductor UCITS ETF (SMGB.L) (Semiconductors) with a 1Y correlation of 0.43, roughly unchanged from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Semiconductor UCITS ETF | 0.43 | 0.48 | 0.47 | 95 | Semiconductors, Technology Equities | MYI.L vs SMGB.L | |
| iShares Edge MSCI USA Momentum Factor UCITS ETF | 0.45 | 0.43 | 0.43 | 54 | Momentum, Large Cap Growth Equities | MYI.L vs IUMF.L | |
| Vanguard FTSE Japan UCITS ETF Distributing | 0.45 | 0.45 | 0.43 | 71 | Japan Equities, Asia Pacific Equities | MYI.L vs VJPN.L | |
| SPDR Russell 2000 US Small Cap UCITS ETF | 0.48 | 0.50 | 0.51 | 84 | Small Cap Blend Equities | MYI.L vs R2SC.L | |
| iShares MSCI EM ex-China UCITS ETF USD (Acc) | 0.51 | 0.49 | — | 83 | Emerging Markets Equities | MYI.L vs EXCS.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from MYI.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to MYI.L and solid risk/return profiles. The least correlated is Tritax Big Box REIT plc (BBOX.L) (Real Estate) with a 1Y correlation of 0.27, roughly unchanged from 0.34 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tritax Big Box REIT plc | 0.27 | 0.29 | 0.34 | 71 | Real Estate | |
| LondonMetric Property plc | 0.30 | 0.31 | 0.35 | 51 | Real Estate | |
| Legal & General Group plc | 0.35 | 0.41 | 0.46 | 79 | Financial Services | |
| International Public Partnership | 0.40 | 0.40 | 0.36 | 85 | Financial Services | |
| Abrdn plc | 0.44 | 0.41 | 0.42 | 82 | Financial Services |
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