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), 2 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 -0.06, down from 0.31 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... | -0.06 | 0.17 | 0.31 | 51 | Energy Equities | SWRD.L vs ESIE.L | |
| SPDR MSCI Europe Energy UCITS ETF | -0.04 | 0.19 | 0.31 | 50 | Energy Equities | SWRD.L vs ENGE.L | |
| iShares USD Treasury Bond 0-1yr UCITS ETF (Acc) | 0.05 | 0.04 | 0.06 | 100 | Government Bonds, Ultrashort Bond | SWRD.L vs IB01.L | |
| iShares Global Infrastructure UCITS ETF USD (Dist) | 0.10 | 0.28 | 0.44 | 71 | Utilities Equities, Global Equities | SWRD.L vs INFR.L | |
| iShares USD Treasury Bond 1-3yr UCITS ETF (Acc) | 0.19 | 0.07 | 0.05 | 84 | Government Bonds, Short-Term Bond | SWRD.L vs IBTA.L |
To view more results, upgrade your current subscription plan.
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 0.01, 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 | 0.07 | 0.08 | 72 | Utilities | |
| Legal & General Group plc | 0.38 | 0.42 | 0.46 | 73 | Financial Services | |
| JP Morgan Global Growth & Income plc | 0.59 | 0.67 | 0.65 | 74 | Financial Services |
Build a portfolio that complements SWRD.L
Add SWRD.L to the Diversification Analyzer to see how it overlaps with your other holdings and which assets balance it best.
Analyze a portfolio with SWRD.L