Looking to diversify beyond VMID.L? The ETFs below have the lowest correlation with VMID.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 VMID.L.
Best Diversifiers for VMID.L
1 ETFs have low correlation with VMID.L (below 0.3), 0 of which are negatively correlated.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| JPMorgan Eurozone Research Enhanced Index Equity (... | 0.27 | — | — | 99 | Europe Equities | VMID.L vs JRDZ.L | |
| Franklin European Quality Dividend UCITS ETF | 0.35 | 0.44 | 0.52 | 80 | Europe Equities | VMID.L vs FLXD.L | |
| iShares S&P 500 Information Technology Sector UCIT... | 0.40 | 0.38 | 0.45 | 70 | Technology Equities, S&P 500 | VMID.L vs IITU.L | |
| UBS ETF (LU) Factor MSCI EMU Prime Value UCITS ETF... | 0.41 | 0.28 | 0.25 | 90 | Europe Equities | VMID.L vs UD03.L | |
| Ossiam Shiller Barclays Cape Europe Sector Value T... | 0.45 | 0.40 | 0.33 | 77 | Europe Equities | VMID.L vs LCPE.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VMID.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VMID.L and solid risk/return profiles. The least correlated is National Grid plc (NG.L) (Utilities) with a 1Y correlation of 0.17, roughly unchanged from 0.22 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| National Grid plc | 0.17 | 0.21 | 0.22 | 68 | Utilities | |
| Legal & General Group plc | 0.55 | 0.62 | 0.66 | 63 | Financial Services | |
| JP Morgan Global Growth & Income plc | 0.63 | 0.61 | 0.63 | 76 | Financial Services | |
| Aberforth Smaller Companies Trust plc | 0.80 | 0.76 | 0.75 | 60 | Financial Services |
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