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 -0.18, 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 | -0.18 | -0.01 | 0.05 | 52 | Commodities | CNKY.L vs BCOG.L | |
| iShares FTSE 100 UCITS ETF | 0.38 | 0.42 | 0.42 | 73 | CNKY.L vs CUKX.L | ||
| Vanguard FTSE Developed Europe UCITS ETF (EUR) Acc... | 0.56 | 0.53 | 0.54 | 63 | Europe Equities | CNKY.L vs VEUA.L | |
| L&G US Equity UCITS ETF | 0.56 | 0.56 | 0.57 | 76 | Large Cap Blend Equities | CNKY.L vs LGUG.L | |
| Vanguard S&P 500 UCITS ETF (USD) Accumulating | 0.56 | 0.56 | 0.57 | 82 | S&P 500 | CNKY.L vs VUAG.L |
See all 52 diversifiers for CNKY.L
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