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), 0 of which are negatively correlated. The least correlated is VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDGB.L) (Global Equities) with a 1Y correlation of 0.05, down from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Morningstar Developed Markets Dividend Lead... | 0.05 | 0.20 | 0.30 | 93 | Global Equities, Dividend | SMGB.L vs TDGB.L | |
| iShares UK Dividend UCITS ETF | 0.18 | 0.22 | 0.29 | 63 | Dividend | SMGB.L vs IUKD.L | |
| Xtrackers MSCI USA Banks UCITS ETF 1D | 0.24 | 0.27 | 0.35 | 50 | Financials Equities | SMGB.L vs XUFB.L | |
| Lyxor Core UK Equity All Cap (DR) UCITS ETF - Dist | 0.24 | 0.30 | 0.38 | 56 | Europe Equities | SMGB.L vs LCUK.L | |
| VanEck J.P. Morgan EM Local Currency Bond UCITS ET... | 0.28 | 0.20 | 0.17 | 63 | Emerging Markets Bonds | SMGB.L vs EMGB.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 | 72 | Financial Services | |
| Murray International Trust | 0.42 | 0.48 | 0.47 | 93 | Financial Services | |
| JP Morgan Global Growth & Income plc | 0.52 | 0.60 | 0.55 | 78 | Financial Services |
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