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
3 ETFs have low correlation with CSKR.L (below 0.3), 0 of which are negatively correlated. The least correlated is iShares USD Ultrashort Bond UCITS ETF USD (Acc) (ERNA.L) (Corporate Bonds) with a 1Y correlation of 0.11, roughly unchanged from 0.09 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| iShares USD Ultrashort Bond UCITS ETF USD (Acc) | 0.11 | 0.06 | 0.09 | 97 | Corporate Bonds | CSKR.L vs ERNA.L | |
| SPDR MSCI Europe Utilities UCITS ETF | 0.16 | 0.15 | 0.20 | 62 | Utilities Equities | CSKR.L vs UTIL.L | |
| VanEck Morningstar Developed Markets Dividend Lead... | 0.18 | 0.36 | 0.44 | 93 | Global Equities, Dividend | CSKR.L vs TDGB.L | |
| iShares Asia Pacific Dividend UCITS | 0.37 | 0.42 | 0.43 | 91 | Asia Pacific Equities | CSKR.L vs IAPD.L | |
| iShares MSCI Europe Financials Sector UCITS ETF | 0.39 | 0.46 | 0.50 | 65 | Financials Equities | CSKR.L vs ESIF.L |
See all 55 diversifiers for CSKR.L
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