Looking to diversify beyond VMIG.L? The ETFs below have the lowest correlation with VMIG.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 VMIG.L.
Best Diversifiers for VMIG.L
2 ETFs have low correlation with VMIG.L (below 0.3), 1 of which are negatively correlated. The least correlated is iShares MSCI World Energy Sector UCITS ETF USD (Dist) (WENS.L) (Energy Equities) with a 1Y correlation of -0.27, down from 0.13 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares MSCI World Energy Sector UCITS ETF USD (Di... | -0.27 | 0.07 | 0.13 | 52 | Energy Equities | VMIG.L vs WENS.L | |
| Amundi Smart Overnight Return UCITS ETF GBP Hedged... | 0.07 | 0.06 | 0.03 | 99 | Money Market | VMIG.L vs CSH2.L | |
| iShares Global Clean Energy UCITS ETF USD (Dist) | 0.38 | 0.47 | 0.50 | 51 | Energy Equities | VMIG.L vs INRG.L | |
| Franklin European Quality Dividend UCITS ETF | 0.41 | 0.42 | 0.52 | 80 | Europe Equities | VMIG.L vs FLXD.L | |
| Ossiam Shiller Barclays Cape Europe Sector Value T... | 0.45 | 0.58 | 0.65 | 85 | Europe Equities | VMIG.L vs LCPE.L |
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Low-Correlation Stock Ideas
If you're looking for individual stocks that move independently from VMIG.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to VMIG.L and solid risk/return profiles. The least correlated is Tesco PLC (TSCO.L) (Consumer Defensive) with a 1Y correlation of 0.07, down from 0.28 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Sector |
|---|---|---|---|---|---|---|
| Tesco PLC | 0.07 | 0.18 | 0.28 | 70 | Consumer Defensive | |
| Samsung Electronics Co. Ltd | 0.40 | 0.40 | 0.47 | 98 | Technology | |
| Next plc | 0.43 | 0.46 | 0.56 | 78 | Consumer Cyclical | |
| NatWest Group plc | 0.54 | 0.52 | 0.53 | 80 | Financial Services | |
| Barclays plc | 0.63 | 0.57 | 0.58 | 85 | Financial Services |
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