Looking to diversify beyond SWRD.L? The ETFs below have the lowest correlation with SWRD.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 SWRD.L.
Best Diversifiers for SWRD.L
9 ETFs have low correlation with SWRD.L (below 0.3), 7 of which are negatively correlated. The least correlated is SPDR MSCI Europe Energy UCITS ETF (ENGE.L) (Energy Equities) with a 1Y correlation of -0.15, down from 0.17 over 3 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR MSCI Europe Energy UCITS ETF | -0.15 | 0.17 | — | 77 | Energy Equities | SWRD.L vs ENGE.L | |
| iShares MSCI Europe Energy Sector UCITS ETF EUR (A... | -0.15 | 0.15 | 0.22 | 77 | Energy Equities | SWRD.L vs ESIE.L | |
| State Street SPDR S&P U.S. Energy Select Sector UC... | -0.13 | 0.19 | 0.33 | 58 | Energy Equities | SWRD.L vs SXLE.L | |
| iShares S&P 500 Energy Sector UCITS ETF USD (Acc) | -0.11 | 0.20 | 0.32 | 57 | Energy Equities, S&P 500 | SWRD.L vs IUES.L | |
| SPDR MSCI World Energy UCITS ETF | -0.10 | 0.21 | — | 63 | Energy Equities | SWRD.L vs ENGW.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from SWRD.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to SWRD.L and solid risk/return profiles. The least correlated is National Grid plc (NG.L) (Utilities) with a 1Y correlation of 0.00, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| National Grid plc | 0.00 | 0.07 | 0.09 | 67 | Utilities | |
| Legal & General Group plc | 0.35 | 0.42 | 0.46 | 60 | Financial Services | |
| JP Morgan Global Growth & Income plc | 0.59 | 0.68 | 0.65 | 76 | Financial Services |
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