Looking to diversify beyond XMWX.L? The ETFs below have the lowest correlation with XMWX.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 XMWX.L.
Best Diversifiers for XMWX.L
2 ETFs have low correlation with XMWX.L (below 0.3), 0 of which are negatively correlated. The least correlated is Amundi Smart Overnight Return UCITS ETF GBP Hedged Acc (CSH2.L) (Money Market) with a 1Y correlation of 0.08, roughly unchanged from 0.04 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Amundi Smart Overnight Return UCITS ETF GBP Hedged... | 0.08 | 0.04 | 0.04 | 99 | Money Market | XMWX.L vs CSH2.L | |
| iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | 0.12 | 0.09 | 0.09 | 99 | Ultrashort Bond | XMWX.L vs ERNS.L | |
| Xtrackers MSCI USA Information Technology UCITS ET... | 0.47 | — | — | 56 | Technology Equities | XMWX.L vs XSTC.L | |
| Amundi Index MSCI Emerging Markets UCITS ETF DR EU... | 0.47 | 0.51 | 0.51 | 87 | Emerging Markets Equities | XMWX.L vs AEMD.L | |
| Xtrackers MSCI Emerging Markets UCITS ETF 1C | 0.48 | 0.51 | 0.51 | 87 | Emerging Markets Equities | XMWX.L vs XMMS.L |
See all 37 diversifiers for XMWX.L
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