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 iShares £ Ultrashort Bond UCITS ETF GBP (Dist) (ERNS.L) (Ultrashort Bond) with a 1Y correlation of 0.09, roughly unchanged from 0.07 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares £ Ultrashort Bond UCITS ETF GBP (Dist) | 0.09 | 0.07 | 0.07 | 98 | Ultrashort Bond | XMWX.L vs ERNS.L | |
| Lyxor Smart Overnight Return UCITS ETF C-GBP | 0.10 | — | — | 99 | Money Market | XMWX.L vs CSH2.L | |
| Fidelity US Quality Income ETF Acc | 0.42 | — | — | 76 | Large Cap Blend Equities, Dividend | XMWX.L vs FUQA.L | |
| iShares S&P 500 GBP Hedged UCITS ETF | 0.43 | 0.45 | 0.45 | 71 | S&P 500 | XMWX.L vs IGUS.L | |
| Amundi Index MSCI Emerging Markets UCITS ETF DR EU... | 0.45 | 0.51 | 0.51 | 86 | Emerging Markets Equities | XMWX.L vs AEMD.L |
See all 34 diversifiers for XMWX.L
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