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Brunner Investment Trust (BUT.L) Diversifiers

Equity · Currency in GBp · Last updated Jun 5, 2026

The Brunner Investment Trust plc is an open-ended equity mutual fund launched and managed by Allianz Global Investors GmbH, UK Branch. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in growth stocks of companies. It focuses on factors such as business models, products and/or services, management, financial strength, brand equity, and distribution capabilities in order to create its portfolio. The fund benchmarks the performance of its portfolio against a composite benchmark of 50% FTSE All-Share Index and 50% FTSE All-World ex-UK Index (£). The Brunner Investment Trust plc was formed in January, 1927 and is domiciled in the United Kingdom.

Looking to balance out your exposure to BUT.L? The ETFs below have the lowest correlation with BUT.L — they tend to move on their own, which can help reduce risk when BUT.L drops. The stock ideas table highlights individual companies that behave independently from BUT.L.

Best Diversifiers for BUT.L

1 ETFs have low correlation with BUT.L (below 0.3), 0 of which are negatively correlated. The least correlated is iShares Emerging Markets Dividend UCITS ETF (SEDY.L) (Emerging Markets Equities) with a 1Y correlation of 0.28, roughly unchanged from 0.31 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankCategoryCompare
SEDY.L
iShares Emerging Markets Dividend UCITS ETF0.280.290.31
81
Emerging Markets EquitiesBUT.L vs SEDY.L
PSRF.L
Invesco FTSE RAFI US 1000 UCITS ETF0.420.430.47
94
Large Cap Value EquitiesBUT.L vs PSRF.L
WSML.L
iShares MSCI World Small Cap UCITS ETF USD (Acc)0.460.450.50
70
Global EquitiesBUT.L vs WSML.L
VUSA.L
Vanguard S&P 500 UCITS ETF0.470.460.51
82
S&P 500BUT.L vs VUSA.L
SMT.L
Scottish Mortgage Investment Trust plc0.480.430.45
79
Global EquitiesBUT.L vs SMT.L
See all 8 diversifiers for BUT.L

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Low-Correlation Stock Ideas

If you're looking for individual stocks that move independently from BUT.L, these are worth exploring. The table shows U.S. companies ($1B+ market cap) with low correlation to BUT.L and solid risk/return profiles. The least correlated is F&C Investment Trust plc (FCIT.L) (Financial Services) with a 1Y correlation of 0.56, roughly unchanged from 0.53 over 5 years.

SymbolNameCorrelation 1YCorrelation 3YCorrelation 5YRisk / Return RankSector
FCIT.L
F&C Investment Trust plc0.560.510.53
90
Financial Services
CTY.L
The City of London Investment Trust plc0.580.480.50
80
Financial Services
LWDB.L
Law Debenture Corp0.590.500.50
83
Financial Services
JGGI.L
JP Morgan Global Growth & Income plc0.610.540.54
76
Financial Services

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Diversification Analysis

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