Looking to diversify beyond SWDA.L? The ETFs below have the lowest correlation with SWDA.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 SWDA.L.
Best Diversifiers for SWDA.L
18 ETFs have low correlation with SWDA.L (below 0.3), 4 of which are negatively correlated. The least correlated is iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc) (ESIE.L) (Energy Equities) with a 1Y correlation of -0.14, down from 0.23 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI Europe Energy Sector UCITS ETF EUR (A... | -0.14 | 0.14 | 0.23 | 51 | Energy Equities | SWDA.L vs ESIE.L | |
| iShares Bloomberg Roll Select Commodity Swap UCITS... | -0.12 | 0.08 | 0.15 | 65 | Commodities | SWDA.L vs ROLG.L | |
| iShares MSCI Europe Energy Sector UCITS ETF EUR (D... | -0.11 | 0.16 | — | 52 | Energy Equities | SWDA.L vs EYED.L | |
| iShares MSCI World Energy Sector UCITS ETF USD (Di... | -0.10 | 0.21 | — | 52 | Energy Equities | SWDA.L vs WENS.L | |
| Amundi Smart Overnight Return UCITS ETF GBP Hedged... | 0.04 | -0.01 | -0.02 | 99 | Money Market | SWDA.L vs CSH2.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SWDA.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SWDA.L and solid risk/return profiles. The least correlated is National Grid plc (NG.L) (Utilities) with a 1Y correlation of -0.01, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| National Grid plc | -0.01 | 0.05 | 0.08 | 70 | Utilities | |
| Tesco PLC | 0.02 | 0.07 | 0.17 | 65 | Consumer Defensive | |
| GlaxoSmithKline plc | 0.14 | 0.13 | 0.19 | 83 | Healthcare | |
| DCC plc | 0.25 | 0.35 | 0.40 | 84 | Energy | |
| 3I Infrastructure plc | 0.25 | 0.26 | 0.24 | 62 | Financial Services |
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