Looking to diversify beyond CSKR.L? The ETFs below have the lowest correlation with CSKR.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 CSKR.L.
Best Diversifiers for CSKR.L
4 ETFs have low correlation with CSKR.L (below 0.3), 1 of which are negatively correlated. The least correlated is SPDR® MSCI Europe Energy UCITS ETF (ENGY.L) (Energy Equities) with a 1Y correlation of -0.08, down from 0.15 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| SPDR® MSCI Europe Energy UCITS ETF | -0.08 | 0.09 | 0.15 | 74 | Energy Equities | CSKR.L vs ENGY.L | |
| iShares USD Ultrashort Bond UCITS ETF USD (Acc) | 0.07 | 0.12 | 0.12 | 98 | Corporate Bonds | CSKR.L vs ERNA.L | |
| SPDR MSCI Europe Utilities UCITS ETF | 0.17 | 0.12 | 0.16 | 57 | Utilities Equities | CSKR.L vs UTIL.L | |
| VanEck Morningstar Developed Markets Dividend Lead... | 0.23 | 0.27 | 0.34 | 91 | Global Equities, Dividend | CSKR.L vs TDGB.L | |
| Lyxor MSCI Pacific Ex Japan UCITS ETF | 0.37 | — | — | 65 | Asia Pacific Equities | CSKR.L vs PAXJ.L |
See all 55 diversifiers for CSKR.L
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