Looking to diversify beyond SMGB.L? The ETFs below have the lowest correlation with SMGB.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 SMGB.L.
Best Diversifiers for SMGB.L
6 ETFs have low correlation with SMGB.L (below 0.3), 1 of which are negatively correlated. The least correlated is iShares $ TIPS 0-5 UCITS ETF GBP Hedged (Dist) (TI5G.L) (Inflation-Protected Bonds) with a 1Y correlation of -0.03, roughly unchanged from -0.01 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares $ TIPS 0-5 UCITS ETF GBP Hedged (Dist) | -0.03 | -0.06 | -0.01 | 64 | Inflation-Protected Bonds | SMGB.L vs TI5G.L | |
| VanEck Morningstar Developed Markets Dividend Lead... | 0.07 | 0.21 | 0.30 | 87 | Global Equities, Dividend | SMGB.L vs TDGB.L | |
| iShares UK Dividend UCITS ETF | 0.19 | 0.24 | 0.30 | 56 | Dividend | SMGB.L vs IUKD.L | |
| iShares Physical Silver ETC | 0.22 | 0.16 | 0.14 | 53 | Silver, Precious Metals | SMGB.L vs SSLN.L | |
| Global X Silver Miners UCITS ETF USD Accumulating | 0.24 | 0.21 | — | 55 | Silver, Commodity Producers Equities, Precious Metals | SMGB.L vs SILG.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SMGB.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SMGB.L and solid risk/return profiles. The least correlated is Legal & General Group plc (LGEN.L) (Financial Services) with a 1Y correlation of 0.16, down from 0.33 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Legal & General Group plc | 0.16 | 0.26 | 0.33 | 60 | Financial Services | |
| Murray International Trust | 0.40 | 0.48 | 0.47 | 93 | Financial Services | |
| JP Morgan Global Growth & Income plc | 0.57 | 0.64 | 0.60 | 76 | Financial Services |
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