Looking to diversify beyond CNKY.L? The ETFs below have the lowest correlation with CNKY.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 CNKY.L.
Best Diversifiers for CNKY.L
1 ETFs have low correlation with CNKY.L (below 0.3), 1 of which are negatively correlated. The least correlated is L&G All Commodities UCITS ETF (BCOG.L) (Commodities) with a 1Y correlation of -0.20, down from 0.05 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| L&G All Commodities UCITS ETF | -0.20 | -0.02 | 0.05 | 64 | Commodities | CNKY.L vs BCOG.L | |
| JPMorgan Japan Research Enhanced Index Equity (ESG... | 0.33 | 0.25 | — | 97 | Japan Equities | CNKY.L vs JRIE.L | |
| iShares FTSE 100 UCITS ETF | 0.39 | 0.42 | 0.43 | 56 | CNKY.L vs CUKX.L | ||
| iShares S&P 500 Information Technology Sector UCIT... | 0.56 | 0.52 | 0.54 | 70 | Technology Equities, S&P 500 | CNKY.L vs IITU.L | |
| iShares S&P 500 Information Technology Sector UCIT... | 0.56 | 0.52 | 0.53 | 68 | Technology Equities, S&P 500 | CNKY.L vs IUIT.L |
See all 48 diversifiers for CNKY.L
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