Looking to diversify beyond XMID.L? The ETFs below have the lowest correlation with XMID.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 XMID.L.
Best Diversifiers for XMID.L
16 ETFs have low correlation with XMID.L (below 0.3), 1 of which are negatively correlated. The least correlated is Xtrackers Bloomberg Commodity ex-Agriculture & Livestock Swap UCITS ETF 2C (XBCU.L) (Commodities) with a 1Y correlation of -0.00, roughly unchanged from 0.08 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Xtrackers Bloomberg Commodity ex-Agriculture & Liv... | -0.00 | 0.05 | 0.08 | 77 | Commodities | XMID.L vs XBCU.L | |
| Lyxor MSCI Korea UCITS ETF - Acc | 0.09 | 0.21 | 0.22 | 97 | Asia Pacific Equities | XMID.L vs KRWL.L | |
| Franklin FTSE Korea UCITS ETF | 0.15 | 0.24 | 0.24 | 97 | Asia Pacific Equities | XMID.L vs FLRK.L | |
| HSBC MSCI Korea Capped UCITS ETF USD | 0.15 | 0.24 | 0.23 | 97 | Asia Pacific Equities | XMID.L vs HKOR.L | |
| Xtrackers MSCI Korea UCITS ETF 1C | 0.15 | 0.24 | 0.24 | 97 | Asia Pacific Equities | XMID.L vs XKS2.L |
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