Looking to balance out your exposure to SMSN.L? The ETFs below have the lowest correlation with SMSN.L — they tend to move on their own, which can help reduce risk when SMSN.L drops. The stock ideas table highlights individual companies that behave independently from SMSN.L.
Best Diversifiers for SMSN.L
1 ETFs have low correlation with SMSN.L (below 0.3), 0 of which are negatively correlated. The least correlated is VanEck Space Innovators UCITS ETF (JEDG.L) (Industrials Equities) with a 1Y correlation of 0.25, roughly unchanged from 0.30 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| VanEck Space Innovators UCITS ETF | 0.25 | 0.29 | 0.30 | 61 | Industrials Equities | SMSN.L vs JEDG.L | |
| Vanguard S&P 500 UCITS ETF (USD) Accumulating | 0.44 | 0.41 | 0.41 | 79 | S&P 500 | SMSN.L vs VUAG.L | |
| Invesco FTSE All-World UCITS ETF Acc | 0.52 | 0.43 | — | 85 | Global Equities | SMSN.L vs FWRG.L | |
| Vanguard FTSE Emerging Markets UCITS ETF (USD) Acc... | 0.55 | 0.47 | 0.52 | 60 | Emerging Markets Equities | SMSN.L vs VFEG.L | |
| Xtrackers MSCI World Information Technology UCITS ... | 0.57 | 0.52 | 0.55 | 52 | Technology Equities | SMSN.L vs XDWT.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SMSN.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SMSN.L and solid risk/return profiles. The least correlated is Tesco PLC (TSCO.L) (Consumer Defensive) with a 1Y correlation of -0.08, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tesco PLC | -0.08 | 0.01 | 0.13 | 72 | Consumer Defensive | |
| GlaxoSmithKline plc | -0.05 | 0.00 | 0.02 | 86 | Healthcare | |
| Hiscox Ltd | 0.00 | 0.10 | 0.11 | 95 | Financial Services | |
| Toyota Motor Corp | 0.03 | 0.09 | 0.11 | 60 | Consumer Cyclical | |
| Next plc | 0.07 | 0.09 | 0.18 | 77 | Consumer Cyclical |
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