Looking to diversify beyond BBUD.L? The ETFs below have the lowest correlation with BBUD.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 BBUD.L.
Best Diversifiers for BBUD.L
6 ETFs have low correlation with BBUD.L (below 0.3), 2 of which are negatively correlated. The least correlated is State Street SPDR MSCI World Energy UCITS ETF (WNRG.L) (Global Equities) with a 1Y correlation of -0.12, down from 0.32 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| State Street SPDR MSCI World Energy UCITS ETF | -0.12 | 0.18 | 0.32 | 55 | Global Equities | BBUD.L vs WNRG.L | |
| L&G All Commodities UCITS ETF - USD Accumulating E... | -0.09 | 0.08 | 0.18 | 59 | Commodities | BBUD.L vs BCOM.L | |
| PIMCO US Dollar Short Maturity UCITS ETF Instituti... | 0.04 | 0.02 | 0.02 | 100 | Global Equities | BBUD.L vs MIST.L | |
| PIMCO Sterling Short Maturity UCITS ETF | 0.04 | 0.09 | 0.06 | 99 | Global Equities | BBUD.L vs QUID.L | |
| PIMCO ETFs PLC - US Dollar Short Maturity UCITS ET... | 0.07 | 0.02 | 0.03 | 99 | Global Equities | BBUD.L vs MINT.L |
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