Looking to diversify beyond SMT.L? The ETFs below have the lowest correlation with SMT.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 SMT.L.
Best Diversifiers for SMT.L
4 ETFs have low correlation with SMT.L (below 0.3), 2 of which are negatively correlated. The least correlated is iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) (IB01.L) (Government Bonds) with a 1Y correlation of -0.04, roughly unchanged from -0.06 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) | -0.04 | 0.03 | -0.06 | 100 | Government Bonds, Ultrashort Bond | SMT.L vs IB01.L | |
| Lyxor Smart Overnight Return UCITS ETF C-GBP | -0.00 | -0.00 | 0.01 | 99 | Money Market | SMT.L vs CSH2.L | |
| VanEck Morningstar Developed Markets Dividend Lead... | 0.16 | 0.32 | 0.33 | 91 | Global Equities, Dividend | SMT.L vs TDGB.L | |
| SPDR S&P Global Dividend Aristocrats UCITS | 0.18 | 0.32 | 0.35 | 65 | Global Equities, Dividend | SMT.L vs GBDV.L | |
| JPMorgan Global Equity Multi-Factor UCITS ETF Accu... | 0.31 | 0.43 | 0.49 | 84 | Global Equities | SMT.L vs JPLG.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SMT.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SMT.L and solid risk/return profiles. The least correlated is National Grid plc (NG.L) (Utilities) with a 1Y correlation of -0.10, down from 0.00 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| National Grid plc | -0.10 | 0.01 | 0.00 | 68 | Utilities | |
| Tesco PLC | -0.04 | 0.05 | 0.10 | 66 | Consumer Defensive | |
| Schiehallion Fund Ltd | 0.16 | 0.13 | 0.06 | 96 | Financial Services | |
| Legal & General Group plc | 0.31 | 0.39 | 0.41 | 63 | Financial Services | |
| Rolls-Royce Holdings PLC | 0.42 | 0.37 | 0.34 | 75 | Industrials |
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